danadc
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April 04, 2022, 06:12:40 PM Merited by JayJuanGee (1) |
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Many are wondering why the price of BTC is stuck at $46k? Well there are aspects of several intelligent people who show something like this: Twitter: https://twitter.com/VailshireCap/status/1510993067091791876What is better? in the short or long term? I am very understood that in the long term the trend is upward, in fact who supports this theory is planb with the S2F model, I support and I trust more.
This article is very good, they speak about the global economy to a grossly, but there is a reason that draws me attention, because here is another point of view: BTC starts 2022 all over again — 5 things to know in Bitcoin this weekWith that, BTC/USD is in exactly the same place as it was three months ago, but short-term price signals are already seeing some calling for continuation higher. Source cointelegraph: https://cointelegraph.com/news/btc-starts-2022-all-over-again-5-things-to-know-in-bitcoin-this-weekAnd in this article they say very well clear that in the short term it is going up, and that volatility has dropped, which is debatable.
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Wilhelm
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April 04, 2022, 06:37:50 PM |
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Many are wondering why the price of BTC is stuck at $46k? Well there are aspects of several intelligent people who show something like this: Twitter: https://twitter.com/VailshireCap/status/1510993067091791876What is better? in the short or long term? I am very understood that in the long term the trend is upward, in fact who supports this theory is planb with the S2F model, I support and I trust more.
This article is very good, they speak about the global economy to a grossly, but there is a reason that draws me attention, because here is another point of view: BTC starts 2022 all over again — 5 things to know in Bitcoin this weekWith that, BTC/USD is in exactly the same place as it was three months ago, but short-term price signals are already seeing some calling for continuation higher. Source cointelegraph: https://cointelegraph.com/news/btc-starts-2022-all-over-again-5-things-to-know-in-bitcoin-this-weekAnd in this article they say very well clear that in the short term it is going up, and that volatility has dropped, which is debatable. Long term is always a win. Wait 4 years and a profit is probably inevitable. Short term can make you more but is more risky. Current market is good for short term because the price is moving within a channel. I like both models but S2F seems disrupted due to covid.
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JayJuanGee
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Self-Custody is a right. Say no to"Non-custodial"
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April 04, 2022, 06:53:00 PM |
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Did I asked for a Chart? The statement itself is fucking dumb that it's good that Bitcoin dominance is falling.
I just given a proof. And I think it is better then your words. Try to explain with chart. I think this is more preferable. And you think it is not good. I think Bitcoin also care the others too. It always lose its dominance for a while for other cryptocurrencies. When they perform well it show its dominance again. I think Dominance is like General Elections. Everyone vote other cryptocurrencies but at the end Bitcoin wins. And other thing is that. Think, exactly what you are? Trader Or Hodler If you are trader then you will get benefits from Altseason. And if you are hodler so the dominance doesn't matter. This is my point of view. Everyone has its own. For sure, there is nothing wrong with facts, and surely some facts are more relevant to this thread than others, and whether the facts end up leading us down some slippery slope rabbit hole regarding shitcoins might also be another story. I did not consider that first quote that ImThour posted to be as dumb as he seemed to have been making it out to be, but surely there is a problem with folks who lose sight of king daddy bitcoin, and they end up attempting to make their explanations of the whole space as if the various other shitcoins are competitors to bitcoin rather than merely hanging onto the coattails of bitcoin. In other words, without the security and the difficult to attack aspects of bitcoin, a vast majority of the shitcoins would have a hard time surviving at all.. so in some sense, all the various shitcoins happen to be an extension of the success of bitcoin that bitcoin has provided them a space to be able to have any possible existence - whether they are scamming people or they are striving to find some kind of legitimate niche. It just ends up being problematic in this thread if we end up trying to explore which shitcoin might not be as shitty as the other.. but surely sometimes there is symbiotic aspects that go on with various shitcoins. Some shitcoin's might take aspects that first came up in bitcoin and try to work upon those, whether it is scaling or privacy or key management or even marketing/network effects, and sometimes, bitcoin developers and other bitcoin proponents might be able to take some learnings from the shitcoin space too.. to see what might work better or might be some area that is riddled with problems. We know that even satoshi recognized a likely growth in the shitcoin space - by pointing out the likely imitators that are going to come into the space whether they are naysaying on bitcoin or possibly building some kind of competing or complementary product. So, I would not even be proclaiming that bitcoin dominance is not relevant - even though bitcoin dominance has questionable relevance - including the various ways that the market caps of some shitcoins can also be manipulated, and there have been some other ways that some folks have attempted to account for activities in the space - such as trade volume and the building of various network effects such as ongoing development or even avenues of liquidity, then we also might end up back in a place that we are trying to avoid because there have been claims that bitcoin has been losing developers to ethereum or even trade volume lost to the ethereum, while at the same time we might well get into qualitative arguments to attempt to establish that ethereum is being used to facilitate scams, the printing of money and even that it is a house of cards and smoke and screen bullshit that could fall down at any time, even though it has been propped up pretty intensively (arguably off the security coattails of BTC) for more than 7 years. I also find problematic your hint at a potentially valid reason to pay attention to shitcoins in order to earn more BTC.. and surely guys/gals have made those kinds of arguments in this thread for years.. but surely we do not get too many of those kinds of discussions in recent times, even though it surely can be tempting for guys to come into the thread and to proclaim how much BTC they made through their fucking around with various shitcoins... regarding Save the RF.. he has likely lost most of his BTC through his devolving into putting his finances and mental energies (to the extent that he has any mental attributes? hahahahahaha) into shitcoins.
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OutOfMemory
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April 04, 2022, 07:02:04 PM |
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I like both models but S2F seems disrupted due to covid.
This. And China, imo.
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ChartBuddy
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April 04, 2022, 07:03:29 PM |
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Hueristic
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April 04, 2022, 07:04:02 PM |
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I like both models but S2F seems disrupted due to covid. derivative and naked shorting fuckery
FTFY
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ImThour
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Bitcoin Bottom was at $15.4k
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April 04, 2022, 07:10:06 PM |
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Did I asked for a Chart? The statement itself is fucking dumb that it's good that Bitcoin dominance is falling.
I just given a proof. And I think it is better then your words. Try to explain with chart. I think this is more preferable. I wish there was link to that Reddit post but any way I red it and when it said Bitcoin vs Crypto I stopped reading. This is really stupid to compare BTC vs crypto. I want to read the comments on the original post what people saying about “bitcoin dominance falling against crypto scams” And this graph is also just one line going up down and an arrow pointing to Altseason. WTH is alt season? You mean scam season? Oh and we see JJG supporting that chart where BTC dominance getting decreased is applauded by doge oin buyers lmao just because I am supporting this narrative. Jeez, what a two-faced person.
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NoorulHuda
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April 04, 2022, 07:31:13 PM |
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Did I asked for a Chart? The statement itself is fucking dumb that it's good that Bitcoin dominance is falling.
I just given a proof. And I think it is better then your words. Try to explain with chart. I think this is more preferable. I wish there was link to that Reddit post but any way I red it and when it said Bitcoin vs Crypto I stopped reading. This is really stupid to compare BTC vs crypto. I want to read the comments on the original post what people saying about “bitcoin dominance falling against crypto scams” And this graph is also just one line going up down and an arrow pointing to Altseason. WTH is alt season? You mean scam season? Oh and we see JJG supporting that chart where BTC dominance getting decreased is applauded by doge oin buyers lmao just because I am supporting this narrative. Jeez, what a two-faced person. I don't think you have the mind to think about what he said and for what he respond. And I think you didn't read the whole post of him. He is not supporting the chart. He is trying to convince us both. But how you can understand, you don't have that mind which understand easily what he said. If you want to understand so read his post ten times. Then may be you will be able to understand.
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ImThour
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Bitcoin Bottom was at $15.4k
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April 04, 2022, 07:43:22 PM |
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Did I asked for a Chart? The statement itself is fucking dumb that it's good that Bitcoin dominance is falling.
I just given a proof. And I think it is better then your words. Try to explain with chart. I think this is more preferable. I wish there was link to that Reddit post but any way I red it and when it said Bitcoin vs Crypto I stopped reading. This is really stupid to compare BTC vs crypto. I want to read the comments on the original post what people saying about “bitcoin dominance falling against crypto scams” And this graph is also just one line going up down and an arrow pointing to Altseason. WTH is alt season? You mean scam season? Oh and we see JJG supporting that chart where BTC dominance getting decreased is applauded by doge oin buyers lmao just because I am supporting this narrative. Jeez, what a two-faced person. I don't think you have the mind to think about what he said and for what he respond. And I think you didn't read the whole post of him. He is not supporting the chart. He is trying to convince us both. But how you can understand, you don't have that mind which understand easily what he said. If you want to understand so read his post ten times. Then may be you will be able to understand. Only if you would have understood what before posting a chart which shows BTC dominance falling down. This user is currently ignored.
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Wilhelm
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April 04, 2022, 07:57:42 PM Last edit: April 04, 2022, 10:12:17 PM by Wilhelm |
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I like both models but S2F seems disrupted due to covid. derivative and naked shorting fuckery
FTFY Lol but probably true. Stupid people losing $10M on a naked short
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NoorulHuda
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April 04, 2022, 08:01:17 PM |
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Did I asked for a Chart? The statement itself is fucking dumb that it's good that Bitcoin dominance is falling.
I just given a proof. And I think it is better then your words. Try to explain with chart. I think this is more preferable. I wish there was link to that Reddit post but any way I red it and when it said Bitcoin vs Crypto I stopped reading. This is really stupid to compare BTC vs crypto. I want to read the comments on the original post what people saying about “bitcoin dominance falling against crypto scams” And this graph is also just one line going up down and an arrow pointing to Altseason. WTH is alt season? You mean scam season? Oh and we see JJG supporting that chart where BTC dominance getting decreased is applauded by doge oin buyers lmao just because I am supporting this narrative. Jeez, what a two-faced person. I don't think you have the mind to think about what he said and for what he respond. And I think you didn't read the whole post of him. He is not supporting the chart. He is trying to convince us both. But how you can understand, you don't have that mind which understand easily what he said. If you want to understand so read his post ten times. Then may be you will be able to understand. Only if you would have understood what before posting a chart which shows BTC dominance falling down. This user is currently ignored.I was suspecting that you will speak from your empty mind. My chart was only reflecting your post. You just saying by words. I showed by chart.
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ChartBuddy
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April 04, 2022, 08:04:55 PM |
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shahzadafzal
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April 04, 2022, 08:10:11 PM Merited by JayJuanGee (1) |
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“This is a really interesting chart. Retail (0-1 BTC) is currently buying at the second-highest rate in Bitcoin's history. Looking at retail's holdings most spikes have coincided with macro tops, but on several occasions, they have bought strategically. This spike is an outlier.” https://twitter.com/wclementeiii/status/1511049278667599874?s=21
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Toxic2040
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April 04, 2022, 08:17:52 PM |
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the noon wall report dyor tears in the rain 4h fangs gleam D stronghands
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LoyceV
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Intel Launches New Bitcoin Mining Chips Focused on Sustainability That doesn't make sense. If efficient chips are cheap, miners will just buy more of them and consume more energy. If the chips are expensive, I bet producing them costs a lot of energy. One way or another, the sum of money spent on hardware and electricity will depend on how much money there is to be made mining. Going from 27.5 or 31 J/TH to 26 J/TH doesn't really do much for sustainability anyway.
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ChartBuddy
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April 04, 2022, 09:01:27 PM |
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cAPSLOCK
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Intel Launches New Bitcoin Mining Chips Focused on Sustainability That doesn't make sense. If efficient chips are cheap, miners will just buy more of them and consume more energy. If the chips are expensive, I bet producing them costs a lot of energy. One way or another, the sum of money spent on hardware and electricity will depend on how much money there is to be made mining. Going from 27.5 or 31 J/TH to 26 J/TH doesn't really do much for sustainability anyway. ESG is not about making sense. It is about controlling the masses. But very few will see that, and will fall for the marketing instead. "Climate Crisis!". And many will never understand why mining matters and proof of work is the MOST EFFICIENT, fair, honest way to secure the worlds (soon to be) most valuable ledger. I bet if you could bottle the energy that will be poured into attacking Bitcoin on behalf of "the environment" you could most likely run the network for years. They don;t care about the environment. They care about convincing enough of you to side with them that they can rule the world.
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OutOfMemory
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April 04, 2022, 09:46:34 PM Merited by JayJuanGee (1) |
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Did I asked for a Chart? The statement itself is fucking dumb that it's good that Bitcoin dominance is falling.
I just given a proof. And I think it is better then your words. Try to explain with chart. I think this is more preferable. I wish there was link to that Reddit post but any way I red it and when it said Bitcoin vs Crypto I stopped reading. This is really stupid to compare BTC vs crypto. I want to read the comments on the original post what people saying about “bitcoin dominance falling against crypto scams” And this graph is also just one line going up down and an arrow pointing to Altseason. WTH is alt season? You mean scam season? Oh and we see JJG supporting that chart where BTC dominance getting decreased is applauded by doge oin buyers lmao just because I am supporting this narrative. Jeez, what a two-faced person. First, if you think you have to judge people, you should make sure that you know them better. Just for reasons beyond my little rant. Second, BTC is not Crypto. There is no "dominance", in reality, because BTC is BTC and Crypto is Crypto. I would agree to something like ETH vs. Crypto DOMINance, beacuse an overweight means to succeed in this DOMAIN (factual momentarily and future probability). But BTC isn't in the Crypto (aka Shitcoin-) domain, it is it's own domain. AT THE MAX (sorry for seemingly shouting) i could accept the metric "BTC vs. BTC-fork dominance", because forks are still a part of Bitcoin. Crypto is not. Crypto is something else, with a subset of properties which share properties of BTC. Following this principle, it's not only good (wait) that BTC dominance is falling, because it doesn't mean shit. It seems pretty clear, that with thousands (!) of "competitors", BTC dominance falling means that there is money in going to the Crypto space, like there is money in Gold, stonks etc. It's good that there is growing money. So little of it is invested in Bitcoin (yet). Facing this working, evolving, future proof electronic cash protocol running in a huge network, where do you think most of this money will finally flow to? To sum it up: I think your conclusions and judgements are not weighted out well, which you shown in many ways already. Something you could easily optimize, though.
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AlcoHoDL
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Addicted to HoDLing!
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April 04, 2022, 10:01:37 PM |
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Intel Launches New Bitcoin Mining Chips Focused on Sustainability That doesn't make sense. If efficient chips are cheap, miners will just buy more of them and consume more energy. If the chips are expensive, I bet producing them costs a lot of energy. One way or another, the sum of money spent on hardware and electricity will depend on how much money there is to be made mining. Going from 27.5 or 31 J/TH to 26 J/TH doesn't really do much for sustainability anyway. It is a closed-loop, energy-conserved system. If Intel releases mining chips that are more efficient (i.e., consume less energy per terahash) than conventional chips, miners will simply buy more such chips to make use of the resulting energy surplus. Difficulty will increase, reaching a new equilibrium, where the total energy used will get back to where it was before Intel's chips. The only way to limit energy usage is by legislation, i.e. somehow making it illegal to exceed an upper energy threshold when mining Bitcoin, effectively putting a cap on Bitcoin's price. As long as miners are allowed to use all energy available to them for mining, they will (and Bitcoin's price will increase accordingly). Whether that energy is powering GPUs or ASICs is irrelevant. The reason Bitcoin mining uses more energy now than 10 years ago is not because of ASICs or new technology. It's simply because 10 years ago miners didn't care so much about Bitcoin and thus did not want to use a lot of energy. That's why price was so low then and is so high now. The more energy the network uses, the higher Bitcoin's value becomes. Limiting energy used for mining is equivalent to limiting Bitcoin price from increasing. It's called Proof of Work for a reason. It's all about energy transfer. Electrical energy to "monetary" energy (value), and, according to the 1st law of thermodynamics, energy is conserved. Limit one, and you limit the other.
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