I actually am having a hard time articulating what I am feeling right now but I know you all feel it too.
If we
(not sure whether this would be royal?) attempt to temporalize the sensation of lil selfie, then whatever happens to be contained therein should flow outwardly more easily, no?
#justsaying...**
**I am not even claiming to be original in my attempts at framing and/or problem-solving what might be happening in bitcoinlandia... Yesterday (around this time), the connections seemed to flow so easily out of ur lil selfie.. and so maybe signs are materializing within the zen-zone a possible endening to our earlier temporal... which goes without saying may (before anyone appreciates it - even your closest rival, ImThour) result in either flat or DOWNity.. ../....
I hate to make these statements, really... a lot of ways to go here...but i think ill go this way
what I am saying is that I think the number will continue to go up well into April and beyond...some consolidation...some profit taking....markets gunna market
big picture...things look to be accelerating with adoption and use case...its talked about extensively pretty much every day on most MSM outlets now
its increasing its roll in international settlements and has been declared legal tender in sovereign states
right now in this moment bitcoin and by extension 'cryptocurrencies' are probably the most discussed thing amongst nations....besides the actually fighting in Ukraine and the threat of escalation from Russia
Apart from your dreaded use of the "c-word," it is appearing that your earlier less impressive use of "temporal" has become more defined and futuristic.. and even optimistic.. and surely none of the things you say are untrue regarding the increasing use of discussions about bitcoin.. (fuck shitcoins... let's try to focus somewhat)...
Anyhow, yeah there might be some increasing underlying pressures that come into play regarding any news is good news, and the word starts to get into the heads of normies and the general public in spite of the naked shorting tools that financial circles have created might not be enough to counter the reality of ONLY so many bitcoins with which to work.. and a likely decently large enough quantity of folks are actually going to likely want to have assurance that they are dealing with the real deal rather than some kind of "paper version" that has to get transferred between people or institutions or whatever, and surely some of the skepticisms of third parties might force more and more folks to remove their coins from third parties.
Even an oligarch might be willing to agree to having some bitcoin exposure in a variety of ways.... and even if he's only choosing to put 10% into bitcoin, he might want to have half of that or more in actual wallets that he controls... not too difficult, even for an oligarch to learn.., especially when some of them are getting help by some of the recent seizures of their assets without any semblance of due process.. and even hearing that such lack of due process happened to others can be motivating enough to hold your own keys (wallets).
Surely, there are some bears out there who still believe that we have one or two years of either negative prices or flat, and surely that seems like a damned long time for flat or down when we already did not have any king of meaningful blow off top, and we have already had two 50% plus corrections in the past year, almost.
Getting above certain price thresholds seems to have decent possibilities to increase the desires to get in (aka fomo pressures), and surely there seem to be enough ongoing shorts to help with some of the fuel matters.... including those increasing number of naked shorts of traditional financial folks who believe that they are smarter than everyone else and speculate that bitcoin can be kept down, just like gold/silver has been kept down.. those guys/institutions/governments (and their naked short bets) can serve as fuel, too.
I think the mining costs of bitcoin are around $30-$35kish? some perhaps as low as $20k..but probably not many at that lvl halfing in...yeah...two years...but...thats not all that far really...gunna have to start pricing that in soon
maybe $60k-$70kish? thats not counting inflation or energy cost spikes i guess but really...is a bitcoin just worth what it costs to mine? dont think so really myself or if it is...probably best to put some profit in there so people can move it around
Of course, there is some connection to bitcoin's price and mining costs.. but the bitcoin is way too immature to be settling all of those kinds of short-term inefficiencies, and likely those folks who are already in mining are going to continue to remain unfairly profitable... and even this difficulty period is pushing all-time highs that currently are being calculated as 5%-ish over the last adjustment... seems to be a lot of ongoing hashpower coming online and BIGGER and BIGGER mining operations.... The next adjustment is estimated to be about 4.5 to 5 days from now (as I type this post).
>>>>>>
Latest Block: 729062 (a few seconds ago)
Current Pace: 105.2277% (1287 / 1223.06 expected, 63.94 ahead)
Previous Difficulty: 27550332084343.84
Current Difficulty: 27452707696466.39
Next Difficulty: between 28705072101842 and 28903420607787
Next Difficulty Change: between +4.5619% and +5.2844%
Previous Retarget: March 17, 2022 at 12:33 PM (-0.3543%)
Next Retarget (earliest): Wednesday at 7:51 PM (in 4d 19h 27m 49s)
Next Retarget (latest): Wednesday at 10:02 PM (in 4d 21h 38m 47s)
Projected Epoch Length: between 13d 7h 18m 26s and 13d 9h 29m 24s
<<<<
https://www.bitrawr.com/difficulty-estimatorOf course, BTC prices do not directly follow these kinds of hashpower increases, but there is a lot of knowledge out there about getting bitcoins.. that include holding them, too... ONLY so much that some of these players are going to trust with third parties to hold, and if the third parties are holding some of these coins, it is not likely that miners are going to lock themselves into relationships in which those coins are locked with third parties who might not actually have the coins they claim to have.
You can see the historical difficulty adjustments, here.. and surely amazing.,. the last two were only a tiny bit red.. but the previous 15 out of 16 were positive.. and that is why we are currently in ATH hashing rates again:
https://btc.com/stats/diff?_ga=2.166892222.1079250679.1586286038-48233127.1586286038i am also saying that on the daily the 50ma inflected and appears to be in a more upwards and sideways mode than in a downwards and sideways mode might fill up to $50k-$52kish easily and have a nice cup and handle and then maybe a spot of tea
so... dyor
stronghands
I am not going to complain about tea, to the extent that it might be relevant in terms of this immature asset resuming UPpity direction.. and even more than we have already seen.. sure our 1/24 low of $32,951 cannot be completely be confirmed to be in, but seems that if we can get into the $50k to $52k price range, even for a relatively short period of time of a day or two, then we likely can at least confirm that the $32,951 bottom is in.. and then the next question would be about if there might still be enough ongoing momentum to keep our party going in an UPwardly direction.. and if we get above $62k.. then likely ATH is history... not guaranteed.. but I don't buy it that two fake outs would be likely in a row.. especially given our ONLY having had reached $69k in that last ATH.. that surely finished prematurely.. but at the same time, if there is a sense that as many weak hands have been shaken as can reasonably and realistically be shaken.. then there might be enough ongoing earlier stagnation in the past year that would justify getting us past noman's zone (currently seems to be $62k-ish to $92k-ish). and thereafter resuming our previously scheduled (and currently delayed UPpity)... again, no guarantees, for sure.