and according to "THE DAILY HODL" the price can exceed $40k:
I noticed something that I feel is a very good indication of growth in the market. I expected the situation with Binance to really affect the market negatively, like send the price of bitcoin lower, but it has not. so a quick question is?
Has the market become stronger? or did Binance handle the situation well not to cause FUD.
Or is it that Binance is Shitcoin central and no-one that matters gives a shit if that cesspool goes down.Binance continues to hold a lot of bitcoin, even after a lot of withdrawals over the last year or so, and they seem to have most (if not all) the BTC that they claim to have... or at least the runs on the bank has not caused significant delays or even a shutting down of the exchange due to their not having the BTC.. which surely was part of the reason that FTX faired so badly during their run on the bank as compared to multiple runs on the bank that Binance had been experiencing over the last year or so.
Your point?
Aren't we Mr. Grumpy.
I already made my point.
buddy be bopping along.
hey jjg my gpus are whaling. pulling in a goodly amount of btc.
nicehash and kawpow directly mining to btc.
ai has pulled a ton of gpus off nicehash so the alts are waking back up.
plus paid for heat in my house win win.
Of course, you made choices regarding investing in equipment, and some people like having hobbies.. I am not sure if buying mining equipment outperforms just buying BTC, except surely we saw that miners were really raking in the doe in 2021 when it seemed that the China hash power was under attack by the Chinese government.
No reason to cry
24 is on the way
All reason to buy
you had me, until you got to this part.
Sure it could be possible to have an extreme dip (such as to $24k) prior to going up, but it seems as wishful-thinking more than anything.
We have seen these kinds of wishful-thinkenings a lot in bitcoin.
Think about March 2017, when they price had gotten up to $1,200 or so, and then dipped back to $850--ish, and Vinny Lingham and some others were talking about $500 being inevitable... sucks to be the guys who either sold then or who failed/refused to sufficiently/adequately stock themselves up and to prepare for UPpity.
Similar a couple of times in 2018, 2019 and even lingering into 2020 when sub $2k and even sub $1,500 were "needing to be" revisited the most that we got was a few corrections of the lowest in 2018 down to $3,124 and then the late 2019 correction only ended up dipping slightly below $6,500 and and then even the seemingly black swan event of March 2020 we ONLY got down to $3,850... so many of those guys were too greedy.
I suppose that our 2022 dips down to $15,479 did have quite a few folks saying that sub $12k and even sub $10k had to be revisited, but so far that has not happened.. and it is likely that we are doing to have some similar circumstances of expected low BTC prices that do not end up getting reached.
Never say never, even though I do have quite a few doubts regarding that level of correction.. even though I am not going to be surpised so far as to not have money to buy down to those kinds of price levels.
Ps. By the way, we had about a year an a half of a lot of opportunities to buy BTC when the BTC price was at or below the 200-week moving average, an surely not a common occurrence, and we are not even needing to have had taken advantage of the absolute bottom of $15,479 (which was about 35% below the then 200-week moving average of $24k). And for the total spread of the nearly year and a half that BTC prices spent a lot of time below the 200-week moving average, the 200-week moving average continued to move up.. little by little by little, and historically the 200-week moving average moved up close to its lowest annual rate ever, which was only about 20% (and you can see that in
my updated fuck-you status chart).. but at the same time, it moved up from $22k to $29k from May 2022 until now.. and so, expecting the BTC price to continue to drop below the 200-week moving average merely because you have recently received such gifts in the past may well be expecting way more than is reasonable and even realistic.. . .your rescue ship was here. Remember? But did you take it? Even in more recent times, we spent nearly 2 months below the 200-week moving average (between August and September) just before going up the last time around from $26k/$27k until our current price, and a future dip may or may not end up happening, so hopefully you are sufficiently/adequately prepared for UP, in the event that such further DOWNity does not end up playing out.
Edited the P.S. further, to clarify timeframes a bit MOAR better, and to add a link.
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