There was no military coup. Even if I go your way and call it a civil war, why is Russia taking part in a civil war ? Isn't it what you're reproaching Saudi Arabia of doing in Yemen ? So, which is it ? Personally I'm against both wars.

Why did Russia take Crimea from Ukraine ? Why is it trying to take over Ukraine entirely ? And don't talk about NATO, NATO hasn't taken land anywhere. Some of NATO's wars are dubious, but at the end, the land is still in the hands of the native people. Russia TAKES LAND. I thought people here cared about property rights ?

No one could ever "out whimp" you, Biodom..



By the way, I had been thinking about the whimpy status lately.. and it was not even directly related to you Biodom,  but now my thoughts on the topic are not coming to me what those thoughts (if any?) would have had been...



I get your point about most of the possible action happening during the week, but still none of those volume and/or price action dynamics are guaranteed, and the weekly candle closes at midnight UTC on Sunday night.. so we still have more than a day for the weekly candle to close (more than two days at the time of your post).. a lot can happen in either one day or two days.. and the price is largely right around the teetering point of either green or red.. in that regard, the BTC price merely has to be over $20,851 at the time of the close of the weekly candle for it to be green... so this week's candle could go either way (color), since at the time that I post this we are just barely above $21k.


I don't know how any of us can have high levels of confidence regarding any of these coin availability matters, and surely the topic has always been important and continues to be importance - especially when we likely have decent ideas that the BTC price is also being influenced by BTC that have no backing (i.e. fake BTC)..

So some of the recent crashes were severe enough to end up showing a decent number of folks who did not have the BTC that they claimed to have had... and surely take the bankrupcy filings of 3AC, Celsius and Voyager.. We saw that the they had ended up putting themselves into a position of largely all claiming to have the same BTC, but it still is not clear how many each of them have as compared to how much they were claiming to have. 

I know that I am being a bit loosey goosey in the way that I am framing this matter, but probably Luna/Terra/Do Kwon was an example of not having as many coins as they claimed that they had.  Yeah, several entities were also seeming to share in the overlap of coins that were supposedly available to back up the peg. and when the peg started to get lost, there seem to have been some of the BIGGER players who were able to get paid off first, but maybe simultaneous rug pulling and even lying about whether they were even trying to defend the peg with actual coins that they had... So they can disingenuously label it as a genuine attempt to create an algorithmic peg blah blah blah.. but the fact of the matter was that there were way too few coins within the systems and being sloshed around.. and sure some of the folks did get coins out of that system, but the more gullible ones who held until the end, and maybe even kept sending coins into that scam system are not getting coins back in part because of some aspects of rug pull, but more likely a larger culprit was that there were way too few coins in the system to back all the various theoretical yield earning schemes that were described through the various associated Ponzi-based products.

Part of my somewhat rambling point is that BTC price continues to be affected on the margins (and maybe even somewhat centrally) by coins that do not exist... and maybe every once in a while there will be a flushening of some of those players who go way out on the extremes of their overleveraging, rehypothecating or whatever it is that we want to describe them to have had been doing with their non existing coins (and sure sometimes partially existing coins that they may or may not end up being able to run away with).

Mining gold uses fossil fuel
Mining Bitcoin uses electricity like renewables

I have a sell order at 100K$. For something like 5% of my stash. The difficulty will be to keep it when we'll be approaching that level, so I'm already preparing myself. When the price goes down under 100K I don't want to have regrets.

@JJG

FYI...from https://brians.wsu.edu/2016/05/19/whimp/


That said, now I am a wimp for not selling at $60 or 50K? Hilarious.

Here is a bet (nonfunded): within 2-3 years anyone who sold at 50-60K would be considered a wimp, unless, of course, they sold at 60K, then bought back at 17.5-20K, but it is REALLY difficult to do if you already did something with that profit plus paid taxes on it; not impossible, but difficult. Every time I sell, I consider that bitcoin gone..but I haven't sell for a while.

Make it 98-99K, lol...but, if we are in a normal circumstances, perhaps at least 10X from the actual bottom would be in play.
However, I decided to probably sell a chunk in 2025 regardless of the price; well, I would not do it if the price would be something silly (on the lower side).

EDIT Since we seem to replay the seventies (with major similarity being boomers vs millennials and the effect of those large cohorts on inflation), it stands to reason that stonks and bond markets might bottom by 2024 (with or without a flat all the way to 2030). Going long equities either on a spike down around 2024 and/or by the end of the decade should be one of those generational decisions: buy and forget about it for 20 years.

i bet i alone can generate 3x the fuel needed for the whole world !?!


what people could be focusing is the output of the oil

Yeah but if they build ammonia/hydrogen engines it would be mineable  without fossil fuel.

Not that I argue for gold as a value store.

Gold has an issue which is on any give day a new huge supply could be found.

It is possible that gold is more common than copper which would be good for electrical builds but terrible for gold hodlers.