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ChartBuddy
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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November 23, 2021, 02:01:26 PM |
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LoyceV
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Thick-Skinned Gang Leader and Golden Feather 2021
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Meme aside is it really possible to earn some Satoshis with couple of descent ASIC miner machines in the garage? Only if you have really cheap electricity.
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ChartBuddy
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November 23, 2021, 03:01:34 PM |
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OutOfMemory
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Man who stares at charts (and stars, too...)
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November 23, 2021, 03:44:38 PM |
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Bounce, bounce, bounce... Tis the new sideways? Let the MSM declare Bitcoin as dead again and enjoy the pump shortly after. Well, futures about to expire on friday, we might go down moar, or maybe whale manipulations are directed in the other direction, this time (Up, up, up before expiry). I threw out my last lump-sum-money for a fresh dip of corn, i'll sit back and watch the show. Hodling isn't easy, but it's easy, you know?
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ChartBuddy
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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November 23, 2021, 04:01:26 PM |
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Richy_T
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1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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November 23, 2021, 04:28:09 PM |
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I still think on / after Thanksgiving we are going to get a boost. Just like in 2017.
Next inflation figures (USA) coming out December 10th. People gradually realize that the best time to buy Bitcoin was Jan 3 2009 but the second best time is today.
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goldkingcoiner
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A Bitcoiner chooses. A slave obeys.
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November 23, 2021, 04:28:36 PM |
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Meme aside is it really possible to earn some Satoshis with couple of descent ASIC miner machines in the garage? Only if you have really cheap electricity. You can always produce your own electricity.
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ivomm
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All good things to those who wait
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November 23, 2021, 04:39:03 PM |
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I'm aware it has nothing to do with how much money is required to move the market etc, this is based on liquid supply as well as demand, but it's incredibly relevant to institutions. Many of which aren't able to touch an asset, or consider Bitcoin as a reserve asset, unless it's worth >$1 trillion. Others will be more conservative, they won't go near BTC until it's valued at $2 trillion, $3 trillion or even $10 trillion (private banks). Some will even be patiently waiting until it's worth Gold's $20 trillion, and won't touch it with a barge pole until then. State banks I imagine. The lower the risk required, the longer they will wait before adopting Bitcoin as a reserve asset. Bare in mind very few institutions are currently using BTC in this manner so far, even if enough have already dipped their toes in the water.
My point was, when a certain valuation threshold is reached, there are certain institutions that will be forced into purchasing in order to reduce risk, hence $60K holding for so long earlier in the year imo. The market was overvalued but remained as such for 3 months around $50K-60K, much longer than many expected. Whereas previously consolidation at such overbought levels is unprecedented for BTC.
This post cointains some new and useful information, which I bolded. However, regarding the red coloured text I strongly dissagree. There are several market indicators which are showing that the fair value of Bitcoin should be >60K. One is the adoption acceleration, measured by the new addresses and investors. The others are related to demand/supply, mining rewards, etc. As a proof we see that after only 6 months the same price level was reached with half the volume, i.e. this price is probably way lower than the fair price. Nobody knows the fair price, but it is somewhere between the last stable price and the blow-off top which can stand only a week or two. In our case this is >70K for sure. Not to mention that at the local bottom of 30K-40K we were below the current market cap of one of the longer living shitcoins So there is no way this to be the fair value, if this is what you are implying in your post.
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Richy_T
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1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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November 23, 2021, 04:43:18 PM |
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Being a shift-worker, I was always looking for something to help me switch back and forth. Light therapy works and while there's nothing like natural sunlight, bright white LEDs seemed to do the trick. I find it strange though how something called a SAD lamp can make one happy. https://www.healthline.com/health/sad-lampI think SAD was something of a backronym so there is a logical path to that usage. There's also some research about light in the ears being beneficial and one company has come up with earbuds (sound capable!) to help with that. https://humancharger.com/global/ I wonder when they'll come up with something similar to aid in perineum sunning? Would it also come with sound? Possibly maybe they should try making the sun shine where the sun don't shine. And then I said, supposing you brought the light inside the body, which you can do either through the skin or in some other way
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AlcoHoDL
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Addicted to HoDLing!
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November 23, 2021, 04:56:24 PM Merited by JayJuanGee (1) |
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Kraken Intelligence — Ain’t Over ‘Til It’s OverSome Bitcoin-relevant, shitcoin-sanitized highlights: - HODLer’s Delight
Supply is rapidly exiting exchanges, a common indication that market participants may be moving funds into cold storage for long-term holding. Since June: The amount of BTC sitting on exchanges fell by 9.6% to a 3-year low of ₿2.426 million ($139.8 billion) amid greater demand and dwindling immediately marketable supply. With a smaller supply pool available for trading, further demand could tighten the supply squeeze and drive BTC prices higher.
- Not Yet ‘Overbought’
For as fast as prices have risen to new all-time highs, BTC’s Reserve Risk metric indicates that the asset is far from overbought, and that confidence in the current price level is greater than it was during prior all-time highs reached in May.
Still bullish. Still hope for soaring BTC ATHs in 2021. HoDL.
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ChartBuddy
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November 23, 2021, 05:01:26 PM |
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ChartBuddy
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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November 23, 2021, 06:01:34 PM |
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Paashaas
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November 23, 2021, 06:27:36 PM |
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BobLawblaw
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Neighborhood Shenanigans Dispenser
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November 23, 2021, 06:34:26 PM |
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ChartBuddy
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November 23, 2021, 07:01:27 PM |
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Biodom
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November 23, 2021, 07:02:08 PM Last edit: November 23, 2021, 07:12:47 PM by Biodom |
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^ [re pic above] wouldn't that be too distracting, lol.
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xhomerx10
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November 23, 2021, 07:15:39 PM Merited by BobLawblaw (2) |
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philipma1957
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'The right to privacy matters'
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November 23, 2021, 07:34:43 PM |
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Looks more blue than green. for shame. edit I see someone has fixed it nice work homer
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El duderino_
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BTC + Crossfit, living life.
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November 23, 2021, 07:44:21 PM |
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Respect your ways, but far from my set up tbh
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