Gachapin
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March 20, 2024, 04:55:42 AM Last edit: March 20, 2024, 07:37:18 AM by Gachapin |
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it becomes more and more obvious that we gonna test 50k. Maybe so obvious that we won't.
on the other hand according to cycles (fwiw) we are a year too early for a parabolic bullrun.
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According to NIST and ECRYPT II, the cryptographic algorithms used in
Bitcoin are expected to be strong until at least 2030. (After that, it
will not be too difficult to transition to different algorithms.)
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ChartBuddy
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DirtyKeyboard
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March 20, 2024, 07:26:11 AM |
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ChartBuddy's 24 hour Wall Observation recap ..All Credit to ChartBuddy
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OutOfMemory
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March 20, 2024, 08:25:27 AM Merited by JayJuanGee (1) |
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it becomes more and more obvious that we gonna test 50k. Maybe so obvious that we won't.
on the other hand according to cycles (fwiw) we are a year too early for a parabolic bullrun.
RSI/StochRSI on weekly aren't clear yet, but they don't look too bad on daily. ETF net flow became negative, but many aren't buying, while only Silbert is selling. Overall, the sentiment seems to be good, so IF we really gonna retest $50k, then it would likely be a short wick down, from $58k-ish figures. If we don't even touch this area, we might get away with a mere 20% correction only because of buying demand. This isn't a bad thing, especially if you believe in the S-curve. OT: Still deciding on the exact choice of security camera, but i want remote recording. Not cloud-based, but using a wireless hub that connects to my home network via cable or wifi). Why? Because if video is stored on the camera itself, it would be too easy to just grab the sd card after destroying the cam, which means evidence gone. There's also a chance to scare them annoying crows away via built-in speakers on some models, if that doesn't freak out the horses). I put a fat lock on the front/loading door yesterday.
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March 20, 2024, 09:01:19 AM |
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DaRude
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March 20, 2024, 09:28:41 AM |
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Another $440 million outflow from you know who... 50 dumps of Grayscale. So another day of -1%, leaving them with ~58% from what they started with on 11Jan. Speculators will speculate on how low they'll go, and how fast they'll get there, but it won't be too long before they fade into history.
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March 20, 2024, 10:01:16 AM |
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BitcoinBunny
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Another $440 million outflow from you know who... 50 dumps of Grayscale. So another day of -1%, leaving them with ~58% from what they started with on 11Jan. Speculators will speculate on how low they'll go, and how fast they'll get there, but it won't be too long before they fade into history. The CEO claimed that once outflows hit $12 billion they will lower the ETF fees. I believe they are close to/over that mark now. Something to do with covering probable fines or whatever. You can find the details if interested. Whatever happened here exactly, we will probably find out eventually. Usually, someone ends up behind bars it seems.
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psycodad
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March 20, 2024, 10:10:59 AM |
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<snip>
OT: Still deciding on the exact choice of security camera, but i want remote recording. Not cloud-based, but using a wireless hub that connects to my home network via cable or wifi). Why? Because if video is stored on the camera itself, it would be too easy to just grab the sd card after destroying the cam, which means evidence gone. There's also a chance to scare them annoying crows away via built-in speakers on some models, if that doesn't freak out the horses). I put a fat lock on the front/loading door yesterday.
Never connect security cams via wireless, the thief with minimal knowledge will have $2 deauther device running in auto-attack mode in his pocket. Actually to a knowledgeable thief a wireless cam like a cam imitation serves more as an invitation than working as a repellent. Personally I've found $30 PoE cams from China fitting my needs perfectly well, hell you even get PTZ HD cams for under $100. Ofcourse these cams need to be in an isolated subnet that is only connected to the videoserver (this applies to every other brand too, because you do not want data leaking and also you do not want to get part of a botnet attacking whatever high-profile target). I use Zoneminder in two separate installations and it hasn't disappointed me yet and has a very open architecture that allows you to extend it in all directions. If you fit a good videocard (good, like in CUDA-capable) into the zm server you can even get it to detect (and recognize) objects and persons (i.e. no alarming if missus or kids are walking through the yard, but alerts for everything else as long as it is a person and not a stray cat). HTH
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March 20, 2024, 11:01:16 AM |
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March 20, 2024, 11:12:35 AM |
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BTC Since the November 2022 Bear Market Bottom... Bitcoin has experienced the following retraces: • -23% (February 2023) lasting 21 days • -21% (April/May 2023) lasting 63 days • -22% (July/September 2023) lasting 63 days • -21% (January 2023) lasting 14 days This current pullback is only the 5th major retrace since the 2022 Bear Market Bottom All of the pullbacks experienced just over -20% retracement depth Bitcoin has pulled back -16% thus far But the retrace began only last Thursday The current retrace has therefore barely lasted a week In sum, there are two key takeaways about retracements in this current cycle: • The closer Bitcoin gets to a -20% retrace, the better the opportunity becomes • Retraces need time to fully mature (at least 2-3 weeks, at most 2-months) https://twitter.com/rektcapital/status/1770237669664301517
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ivomm
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March 20, 2024, 11:36:45 AM Merited by JayJuanGee (1) |
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Another $440 million outflow from you know who... 50 dumps of Grayscale. So another day of -1%, leaving them with ~58% from what they started with on 11Jan. Speculators will speculate on how low they'll go, and how fast they'll get there, but it won't be too long before they fade into history. The CEO claimed that once outflows hit $12 billion they will lower the ETF fees. I believe they are close to/over that mark now. Something to do with covering probable fines or whatever. You can find the details if interested. Whatever happened here exactly, we will probably find out eventually. Usually, someone ends up behind bars it seems. The behaviour of those who run away from the high fee is completely understandable. The funny thing is that the individual wisdom of running away from 1.5% fee leads to collective stupidity causing the current stall of the bull run. But I am not convinced that the fee is the main reason for these outflows. I've read some opinions that most of them didn't go in any other ETF company. May be the reason is that there are many people/companies that have had their funds locked up for years at a loss and are now rushing to release them at a very good profit. A while back I quoted a long twitter thread where some pretty shady dealings of DCG/Genesis, investigated by SEC were discussed. It was funny for me that Boidom refuted them, as made up by me?!? Then what about the hundreds of pages on Internet? Are they also made up by me? I will add just one quote from the many written on the matter: Back in November, DCG's CEO Barry Silbert seemed optimistic that the company could weather the storm. Since then, however, things seem to have gotten worse because the company is under investigation and it has closed down its wealth management division called HQ this month. Moreover, Genesis sent home 30% of its staff this January after making a 20% employee cut in August last year. https://www.bankfrick.li/en/news-and-insights/the-dcg-genesis-and-grayscale-saga-explainedBut of course for each train there are passengers. There will be people, (later Boidom confessed he is a Greyscale investor), who will keep money in Greyscale, believing everything is fine. So, Greyscale won't go down to 0 BTC, probably. The real bull run will start when they stop flooding the market with thousands each day.
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Bravut
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March 20, 2024, 11:47:36 AM Merited by JayJuanGee (1) |
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Will never make sense to me… Having fear for the halving… IMHO it’s a price increase instead of decrease situation.
You're are making a clear point. I don't see the need for fear or any emotional disturbance as you have said is all about price increment rather than a decrease situation. Halving is necessary for every price cycle, of which gives us the direction of the cycle, currently bitcoin is in correction some are persons are already impatient about there holdings, I don't know how some will understand the market when they are ruled with fear. Forgetting that the best way to stand out in the bitcoin market is being patient, avoid panic and fear and having a long run mindset rather than short term goals.
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March 20, 2024, 11:53:47 AM |
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WTF?! Ukraine bought billions worth! Edit: looks like they bought 46k+ BTC for a little over US$20k each in Sept 2022 I cant respond to my DMs as I can only message twice a day due to my account status. I’ve already renewed your main account and just need to know what content you want on the second account that you purchased. So xhomerx10 or BitcoinBunny purchased their account from you?
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March 20, 2024, 12:00:53 PM Merited by sirazimuth (1) |
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I cant respond to my DMs as I can only message twice a day due to my account status. I’ve already renewed your main account and just need to know what content you want on the second account that you purchased.
*PLONK*
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March 20, 2024, 12:01:19 PM |
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March 20, 2024, 12:01:33 PM |
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WTF?! Ukraine bought billions worth! Edit: looks like they bought 46k+ BTC for a little over US$20k each in Sept 2022 I cant respond to my DMs as I can only message twice a day due to my account status. I’ve already renewed your main account and just need to know what content you want on the second account that you purchased. So xhomerx10 or BitcoinBunny purchased their account from you? Seems to be IPTV-related (t3nz0 is selling this service).
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