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Holy crap. Just when I was feeling kind of bearish about the price action and fighting with everyone here who is so down on bitcoin, someone retweeted this post by a fairly popular YouTube channel that I no longer follow because his content just seems so stale. I was fully expecting just a tech...

The funny thing is that after watching to many videos, I learned much of the early guys cashed out and then went on to do other things. Rarely did someone hold for so many years. If anything, its not dumb luck, its more like stupidity if you got in at $1 and still holding... LOL Of course now...

You are welcome to lobby to kick the miners out of your city. But when they leave, your rates will actually go up. In places like Texas, the production isn't consistent because of all the wind and solar. So its not simply turning off a power plant, which would actually take hours to do...

I disagree with this. It is likely they would have no electricity at peak times. At least at peak times its available, although expensive. In some countries, bitcoin mining is what brings electricity to the city. Without a large buyer, there is no point in opening up a plant. But when...

Thank-you for being another voice to point this out. I'm only speculating, and I was also drawn into this conversation because @hilmy83 asked, and it was an excellent question. On the one hand, you're just a customer service rep, but on the other hand, you need a shit ton of qualifications. I...

Skimming the links you provide, especially the second one, makes it sound like people are just mad they don't get paid to not use power. That isn't the fault of a bitcoin miner. Think of them like the Fed, the buyer of last resort. Imagine if nobody would buy toxic US debt... what would have...

I would like to add even more data about why the collapse is coming. Here you have a real estate channel out of Canada that discusses the crazy fees that are going up for building condos. Imagine, an extra 50k in fees on top of already outrageous prices. Steve concludes by saying that "the...

If you actually did your research and understood the issue properly, you would see that this is a huge benefit to the Texas grid and so many other power companies are looking to copy this as a way to balance their grid. Bitcoin mining operations help make electricity more reliable and cheaper...

I think that even if you account for similar moves, ie. up, down, up, down, when you look at the percentages involved, it paints a whole different picture. There was no way to know in 2012 for example where bitcoin would go. I was buying silver at roughly $300 for a 10oz bar. I considered...

I refer to a book by Jeff Booth called Price of Tomorrow. His thesis is based on the idea that the world is actually deflationary, and technology makes this exponential. We can actually see this in every day life. We always choose to pay less stuff, so any company that can produce it more...

Nothing too exciting... just a boring low to mid level job in healthcare. Trying to trade for a living hasn't gone too well so far, but I'm hoping that an eventual crash of some sort resets the playing field and that Bitcoin will catapult me higher. I agree they won't give it up, but there is...

I would like to thoroughly reply... but going to my shit job... so will do so later tonight.

Ah, ok then... I thought you were hoping to show performance... my bad.

Also, if we make it more fair and just look since the Covid lows, we get this.

I don't think this chart has the same scale. We need a chart in percentage terms. Here is what I came up with. (the volume on the bottom kind of hides the QQQ... LOL)

I'm nobody to be giving out advice, but I notice lots of trades on this recent chart. When you do have money on the line, do you think you'll be able to trade the same? Maybe its never gonna be your money since you are using one of those firms, but just seeing the chart today makes me wonder...

Through the trade deficits. We got stuff made cheap, and everyone else got dollars that just inflate away. So the theory now goes that once other countries stop buying our debt, and that is already happening if you look at the charts of who is buying it now, its mostly our banks and retail...

I'm happy to see any bullish news, but there really have been far too many rejections at 72/73k, which is not too high above the previous high. So strictly from a Price Action point of view, this is concerning. Below is a quick chart of how I see things. It seems like when the rally is solid...

That's fair, and I'm no expert here, but it's perhaps hidden in other ways. They say that we have been exporting our inflation to China and other places that buy our treasuries. Maybe once this slowed down, since China did slow purchases and are in fact net selling, this is when the inflation...

Here is an amazing article to back up my point. Look at these house prices... Who is gonna buy them??? Not the young generation. I can't wait for everything to collapse. There is no point in young or poor people to even begin to want to cooperate in this economy. First we need a total...