I invoke my god given right to a Glomar response.

 

For sure this can happen, and does happen...... frequently...... to a lot of peeps.... not excluding yours truly from such failures of buying too much too soon.. even though I think that I have gotten a lot better over the years - which is seen in my order spread and also my attempts to maintain down to the 208-week moving average price (currently at $19k)  - which is not always completely successful to both maintain down that far and sustain it.




I'll believe it when I see it.. that is "if" I see it.... but I agree that the market is reacting to such.. so probably does not even matter if it is actually going to happen, just that the market is reacting as if it were going to happen, whether it actually happens or not.


Huh?

I know that your above-linked website is showing current live difficulty... but in regards to the difficulty adjustments, we have already exceeded all time difficulty adjustments.. yesterday shows that we have reached a new all time high in comparison to May 13, 2021, which was the previous ATH.

See the various historical adjustments:
https://btc.com/stats/diff?_ga=2.166892222.1079250679.1586286038-48233127.1586286038

Regarding your overall point about computing power continuing to flock to bitcoin, for sure that is bullish as fuck for actual bitcoin fundamentals, and lots of things are bullish as fuck for bitcoin fundamentals.. that does not mean that short-term price follows long term fundamentals, even though many of us who follow bitcoin long enough know not to get distracted by short-term price movements, unless we are just buying on the dips in order to realize some of the discrepencies in regards to price being lower than it should be.. at least in the longer term there will be greater likelihood that the price will recover from the various ongoing undervaluings.... we also see those kinds of periods of outrageously crazy recoveries that cause the BTC price to go way beyond sustainability.. too.. what else should any of us expect when there is so many attempts to keep the BTC price down lower than it should be and for longer than it should be.. it just gets out of control in the other direction... at some point.. whether we have to wait a few months.. or even if we end up having to wait a year or longer... yeah.. it's not always easy to be a HODLer.. or even to realize how much we should be buying on a regular basis when the current short term trend seems to be NOT up.

I'm sure someone has tweeted about it. That counts as solid proof these days. If it's got emojis and/or memes that's basically peer-reviewed.

Well, if you have been buying all the way down, and you run out of money.. there are not going to be too many options.. would not seem to make any sense to do anything other than HODL.. and maybe hope that you have some more cashflow coming in at some point so that you can buy some more.. .if you dare.


More sellers than buyers.

 

Was it a SPAC? down 19%, just today. btfd?
I would definitely put it on my stocks to watch list, though.

Special purpose acquisition company... basically Wall Street bullshit that takes "shelf company" to a whole new level. They create a SPAC that does absolutely nothing but is listed on e.g. NASDAQ, with the sole purpose of eventually merging with an actual business (who presumably will want to merge with you because that gives them instant listing on NASDAQ). The SPAC "sponsors" - typically banks or venture capital firms - take their cut upon completing the merger and don't give two shits about the actual business. Not that I really mind Wall Street finding new ways to separate TikTok and Reddit kids from their money. Survival of the richest.