Funny how you are able to frame a restart in such a Cryptotourist dominant way - especially when you went out with a kind of cat's-got-ur-tongue whimper in our last battlito.
Don’t you just love the art of war!
Everybody claims whatever, and draws their own bubble conclusions.
BTW, you were 18-3 down before our last battlito.
#I.dominant
oh gawd....
Maybe you do need a head-start though?
Like a kind of 3 to 1 handicap.
It’s not called a “head start”, when I absolutely own your ass already.
Yes... another way of suggesting that one of us suffers from delusions of grandeur.
Off to the trenches now.
I’d like to re-debate to what extend - the Bitcoin network hashrate drifts in parallel with Bitcoin’s price action or not.
I think we can both agree, that if [extreme example] the hashrate were to fall to zero - Bitcoin’s price would fall to zero.
Similarly, if it were to go bonkers, the price would follow up wildly too.
Hashrate follows price. Not the other way around.
Sorry that I have to be the one to inform you of such news.
I’m more interested in the smaller time frames tbh.
Does the price follow the shifts in the hashrate, does it front-run it, or does it back-run it?
Last time we debated this, you sort of convinced me, but now I’m having second thoughts.
Well, if you are looking at the matter from the wrong direction, then it is going to seem confusing...
and yeah, even though hashrate follows price, the hashrate can get ahead of the matter, and there are other games going on with hashrate too.. so in the end hashrate is only one of the factors, anyhow.
BTC price is affected by all kinds of matters, and the miners are playing their own little games.. and for sure, a lot of miners had a very good year on 2021, so they are kind of paying for that now, in terms of some of them overextended themselves and ended up gambling on the BTC price not going down as far as it did.. but that does not stop other miners (more efficient ones) from forcing out the less efficient ones.. including that some of the equipment that they bought went online during a downward move in BTC price.
Me thinks that when hash ribbons turn green again [currently in a red dip], we’re going to pump through $20k [Feb-March].
There could be some relation in terms of purging out as many of the inefficient miners as possible.. but there are other things going on, so you are likely going to end up with wrong conclusions (just like Philipma) when you get too obsessed with putting too much weight into the wrong factors - such as ideas of hashrate affecting price.
[yeah, sorry for using Kraken BTC/EUR pair instead of Bitstamp, not]
Either way of using Kraken, the Euro or you could even use moon rocks, it does not matter.
You are like the plato allegory of the cave dwellers in the cave watching shadows on the wall and striving to assigning significance to mumbo jumbo. hahahahahaha
Go figure in your lil fantasylandia...
Or not. ....................
.......I don't care. You can weight whatever factors and/or indicators that you like in terms of attempting to figure out what you are going to do or not do in your anticipation of BTC price direction.. health of the network or whatever it is that you are trying to figure out with such gobbledy-gook..
Be Like JJG ~
Gosh, that sounds like a threat!
Of course I have nothing against DCA-ing, but how about also chunk buying the bottom?
Yes... you can buy the dip instead of DCA.
DCA is more like a beginning accumulation strategy, but of course, DCA can be applied at other times too.. and also DCA can supplement a buying the dip strategy.. especially when we are at historical low prices, like now,
relative to the 200-week moving average, which is now about $24.3k.
BTCitcoin $16.9k<$21k in 31 Dec 2022
What is that supposed to mean?
Have you been following the 'vices of Cryptotourist?
I'm referring to spoiken dae gobbledidy'Splain ur lil selfie.
Did Cryptotourist get another one of you?
Poll
