Lagging around daily EMA 200 again
What is that supposed to mean?
Personally, I am kind of looking forward to getting the BTC price back into the
top 100 weight-traded average days (including the table that some of us are continuing to monitor), but we still have another $5k or so to get back to a weight traded average of $64.5k-ish.
Frequently we cannot really work ourselves up in regards to how long it might take to get back into the top 100 weight-traded, and I am not really too overly concerned that it is going to take a long time, yet at the same time, it does not hurt to be prepared for a variety of scenarios that includes taking longer than expected (or preferred). We are still pushing the 200-WMA around $34-ish per day.
it's important to remember that the average electricity cost of Bitcoin is around 60k. the likelihood of Bitcoin staying below these price levels for the long term is not very high
Fair enough point about some potential for the incentives to want to push BTC prices above the cost of production, even though hashrate does not really dictate BTC prices (which seems to be a point that our buddy Phillipma1957 and a few others like to unconvincingly make from time to time), and also even though I was not able to find that chart:
https://capriole.com/charts/.. which I should not have to try to verify from where ever it might have had originated. .
as long as it's the right direction I don't mind buddy doing a streak
That is also a fair point.. None of us should be too overly concerned about buddy streaking, so long as s/he/it is streaking UPpity rather than some other less exciting direction. .not that I am acknowledging buddy to be "sexy" in any kind of a commital way.
it's important to remember that the average electricity cost of Bitcoin is around 60k. the likelihood of Bitcoin staying below these price levels for the long term is not very high
Miners don't decide the price, the market does. If it's not worth mining, some will quit, the difficulty will drop, and the electricity cost per mined Bitcoin goes down.
Hey good point Loyce.
I was kind of thinking some kind of a thingie-ma-jiggie like that my lil selfie, but I was a wee bit fraidy kitty cat to speak up, you know shy in a kind of broken record kind of a way.. it happens sometimes, even to
blabber-mouths,
not that I fit within those kind of descriptors the best of us [I ask myself: "Self? should I try to be a wee bit moar humble?"].Thought we crossed 60 already why 59
Last time I checked, dee cornz did not move its price in ONLY one direction.
It's a feature, not a bug, even though I will concede that sometimes it is a bit of an irritating feature.
If offered 100btc I would let you pick which on of the two I have to quit.
Remember in mid-to-late 2022 when you said that 100 BTC was not enough? That was a really dumbass comment, since even in 2022 and even at the lowest BTC price, 100 BTC was still enough, including that a guy could have had witnessed (which many of us did) that so much time between about June 2022 and October 2023 bitcoin was below the 200-WMA, even getting as low as 36% below the 200-WMA, so during that time, there might have had been a need to resist engaging in any sustainable withdrawal (either time based or price based), even though a guy with 100 BTC still would not have been prejudiced a whole hell of a lot even if he might have had engaged in some form of moderate time-based sustainable withdrawal.
Many of us even realize that these days, 21-50 BTC is likely sufficient enough to allow a large number of folks to pull a fuck you lever.. even though surely 21 BTC is lower on the spectrum than 50 BTC, but still sustainable withdrawal would be implementable for a lot of folks, even with ONLY a current 21 BTC stash.. perhaps more than 80% of the world's population would be able to make that quantity of 21 BTC to work sufficiently enough to pull a fuck you lever (especially if they were to follow
some variation of my time-based sustainable withdrawal, which I do have to modify some of the formulas within my framing of the withdrawals).. .which still I am suggesting right around $6,666 per month withdrawal should be life-time sustainable.. especially if BTC prices stay more than 20% above the 200-WMA until the end of 2025 as I have suggested to be a bettable proposition (but yeah still does not mean it is going to happen for sure).
I figure 200k or bust in the next 8-9 months
If it hits $200K in the next 9 months it’ll be me that busts.
Even I am getting more pessimistic about the upside potential for dee cornz for this cycle..
I guess our spending so much time in this no man's land and/or in don't wake me up zone (which seems a bit out of character for dee cornz), has contributed to some jadedness in my own thinking, even though being stuck in this particular price zone should not even be that negative of a sign or happening.. bouncing around at mostly the top of the range.. .... but still.. sometimes these kinds of periods can have a kind of wearing effect, even if some of us might still remain relatively optimistic.. it is not like I am selling an cornz.. ,,, and tending to buy more than I sell in the whole scheme of things.. . but still..
Exponential or diminishing return years after years... That's the 1 billion $ question.
I doubt that kind of a existential question even looms. Only someone who has hardly any clues about bitcoin would consider such a question to potentially be pending and/or imminent.
Essentially, there are too many good things going on in bitcoin to even contemplate any kind of existential threat to even exist in bitcoin.. since in so many ways bitcoin's investment thesis is ONLY becoming stronger with the passage of time.. kind of like the Lindy Effect.. the longer bitcoin stays in existence, the more likely it is going to continue to stay in existence.. and no we are not the turkey on Thanksgiving day.. but instead, this here thingie, aka king daddy cornz, is a paradigm-shifting protocol that we are talking about.
Someone asked me :
What do you see when you look at Bljatcoin comunity as a whole ?
I simply answered with a Picture.
This, this is what i see.
That above disclosure of yours is likely part of the explanation for why you are going to
have fun staying poor, since you seem to lack any kind of a meaningful vision to motivate you into getting the fuck off of zero.
You are absolutely right, i want to say that Bitcoin is made of iron and clay now someone maybe tempted to ask what I mean by this and let me just explain it in one or two word(s) the iron means strong while the clay means weak. This is what we have being seeing, the great potential and the weakness of Bitcoin this is what I see Bitcoin as and perhaps the iron characteristics of Bitcoin is greater than the..., So we shouldn't be discouraged because of it current state for the past how many weeks now and I will say it's still at it clay state and it may still go below what we are expecting but it doesn't cause for an alarm because sooner or later we will start experiencing it iron characteristics which is the positive movement we all wants to see and I want to also believe that what is happening now in the market has happened before so we shouldn't doubt about it existence and more...
Poll
