Explanation
Chartbuddy thanks talkimg.com

Some big trader talking about the 'fiscal gap'  the thing that will likely drive down Dollar into oblivion possibly: https://youtu.be/53wThFFuOqU?t=464   We can hope for otherwise but a turn around seems unlikely and no indication of any attempt to properly pay off debt or balance fiscal budget is there by any part of politics.
     A glacier can move is how I view it, its so slow we cant see it but it matters and its not really possible to stop thats the weight of changes most probable imo.   BTC has a surprisingly long term underlying movement to it a bit like this, I think they relate.  This trader doesnt and he doesnt think 40% inflation is possible, I'd like to inform him its not only possible its most probable but thats my opinion hopefully wrong.

BTC has a negative price channel short term and more importantly longer term is challenging now attempting to recover above the 200 week average.   If we dont slip below Feb lows, its still positive trend overall.

IMF Initiates Development of a Global Digital Currency Platform

The International Monetary Fund (IMF) is developing a CBDC platform to simplify cross border transactions. IMF Managing Director Kristalina Georgieva emphasized the need for global interoperability and a unified regulatory framework for CBDC. She revealed that 114 central banks are reviewing CBDCs 10 of which are close to completion and emphasized the importance of asset backed CBDCs. The IMF efforts are aimed at preventing gaps that could be filled by cryptocurrencies.

Explanation
Chartbuddy thanks talkimg.com

SPOILER ALERT













Next post by ChartBuddy will be a nice sight ;-)

@BitcoinNewsCom
JUST IN: BTC Dominance surges above 50% for the first time since May 2021 👀🙌

https://twitter.com/bitcoinnewscom/status/1670856885413576704

Hey, I wonder if this is w/o stables since CMC is showing 48.4%?
...probably is.

Diff added 34 to 51.

in 6 months.

efficiency is reaching the bottom or the top


s1 2000 watts a th
s3 1000 watts a th
s5.  500 watts a th
s7.   250 watts a th
s9.      90 watts a th
s15      60 watts a th
s17.     33 watts a th
s19.      29 watts a th
s19 xp.   23 watts a th
s21.  may only do 17 watts

much like a gallon of gas there are limits to what it will do

ie no car burning gas get 1000 miles to the gallon

a 15 watt or 17 watt miner does not fix price when coins are 3.125 a block.

if you hodl fall of of 2024 next fall price will be over 50k or mines will fail bigly

this fall mines can survive at 25k.

S15 to S17 move was sweet...mined a few..reliable hosts existed back then, but then all of them closed by the Spring of 2022..no mining for me since..and I calculated that buying since then would have been better in profitability (so far). I periodically look at the deals they send me and ask myself...do i know if they would be in business 2-3 years down the road and the answer is: I have no idea.. I was kicked out by no less than 3 hosts (one is a great guy, just stopped hosting for others or altogether, I dunno; another was less reliable, but sent me my miners with a 45-60 days delay; a third just decided to mine only for himself, apparently. I have to qualms, really, as hosting is a "bitch".

Nothing wrong with those set of wheels.  It looks very utilitarian.


You sound like a low coiner or a no coiner.

We might not know what is going to happen, but we have some pretty good ideas about bitcoin's likely direction.. even if we might not know details in terms of either price or time.. especially trying to pinpoint specifics -

Those who ongoingly continue to fail/refuse to prepare for UP.. are more likely going to end up having to come into bitcoin at higher prices (than today's price) rather than being able to get in at lower (or even the same) prices.

Good luck is you are either failing/refusing to stack sats in order to prepare for UP (just in case), rather than waiting for some kind of divine signal that is not likely to get any more clear than it already is.. for those who are ongoingly insisting that "nobody knows." .. .and nobody knew in 2011, 2014, 2017, 2019.. .but those who took actions to stack sats during those times (and who continued to stack sats and who have not gotten shaken out of the sats that they had stacked between then and now), are likely in pretty damned decent shape right now, whether we are referring to finances and/or psychology.


Who is "we?"  Are you considering that everyone has similar circumstances?  or are you merely just suggesting that it is good for everyone to stack sats, no matter their individual circumstances?  If you are suggesting the latter, then you likely need a wee bit of a better justification than to merely say that "bitcoin is good for you.".. many of us already know that bitcoin is good for us, and good for almost anyone.. but that still does not mean that we have more than 1% of word adoption, yet... so how would you propose to get folks off of zero?  just let them sit there and watch the bitcoin price go up and then regret that they had not previously taken bitcoin sufficiently serious?