The breakout continues.
As indicated by the September and October closes, six months of consolidation at all time highs has lead to a very strong market reaction and a thrust upwards upon the election news catalyst.
The monthly candle flagpole would seem to indicate this move still has further upside to explore. Though, @bevo's post halving target range has been entered, which could indicate a possible resistance area.
November’s close will likely indicate whether price action is exhausted and require further consolidation, or if momentum will continue through December and unleash the famed “Santa clause rally” before consolidating is required in the new year. https://image.nostr.build/9d10e8b41171f11e9be8594f3efb546b387d262cac680e49cf7bb5f2dfbdecb4.jpg
Accidentally jumped in the ocean on Costa Rica’s west coast and got caught in a rip tide that almost drowned me. Threw up from exhaustion when I finally made it back to the beach, and kissed sand.
The dude had a pretty large bitcoin stack and invested it into a “peaker plant” power company whose stated intention was to sell power to bitcoin miners (hut8). Peaker plants only turn on when power supplies are insufficient for demand. Bitcoin miners intentionally sell their allotment of power back to the grid during times of peak demand, as the power they’re allotted is more valuable at that moment than the bitcoin they could mine(ie- they can just sell the power and buy bitcoin)
The dude is kinda straight dumb. He calls bitcoin insurance, but used his bitcoin as capital for an investment in something that made no sense, and lost his shirt.
Yo sorry to interject and i agree with you but slight point of contention- Hawai’i is making new real estate almost every day. Is it really scarce? What about Martian real estate? Or Moon estates? Can’t technology unlock more of that asset?
Is it really scarcer than bitcoin?
I agree it’s complicated, but i guess my point of contention is in the relative nature of scarce in this context.
Sure, hospitable land is seemingly scarce when compared to inhospitable lands. But relative to the scarcity of bitcoin, I would suggest it is actually quite abundant.
Whatever unit of land you want to use, it would seem more than 21million humans are able to have a single unit of hospitable land.
DuckDuckGo AI says there are 11bilion farmable acres of land on earth, and my math suggests that’s enough for 1.375 acres per person. Much more than the .002625 bitcoin available per person.
Right. I hear the comparison made often though. Bitcoin kind of makes real estate a commodity again, useful for its resources, rather than a store of value as some previous generations considered.
Yah pretty obvious now with hindsight that 2020 included fake ballots.
Rabble is just coping hard, and seemingly misinformed on various topics, probably from poor quality “news” sources and confirmation bias supporting algorithms.
What’s worse, in states like California they made it mandatory for public school teachers to refer students who show trans tendencies, like asking to be called an alternate gendered name, to school psychologists who are then mandated to provide gender affirming counseling. Simultaneously, these teachers are PROHIBITED from communicating these happenings to the child’s parents.
Were any of the fruits ripe? Last time I was there you could freely pick the fruit in the orchards. Still true?
Capitol reef is a nice one for sure, did you catch a view of the stars?
Happy white paper day!
16 years ago money changed forever.
Humanity was gifted with the best means to store the value of our hard work and spent time to trade with others for goods and services ever discovered!
https://bitcoin.org/bitcoin.pdf
Depends on your cash flow, its reliability, and your ability to responsibly service your debt.
If all of those things align properly, the CAGR of bitcoin would suggest borrowing money to buy bitcoin literally always ends well.
But most people are debt adverse and irresponsible and irrational during volatile times.
I wonder if the bottom vents are an outlet or inlet. Bossman bought the Mac Pro one year that was a cylinder, and spilt a coffee on the table nearby one day, and the bottom was an inlet fan that sucked up the whole coffee through the Mac Pro. Destroyed it.
Apple has oftentimes missed the mark with their designs, but when they work, everyone forgets about the the bad ones(like that fucking G4 cube… )
Just keep stacking. All goals are outlandishly over ambitious. Anything over 262,500 Satoshis is more than your fair share of the most scarce money in all history.
You can earn that many sats on nostr posting freely provided bitcoin stickers around town. Just check out @bitcoin.rocks or even posting dope memes.
Your discipline will be rewarded. You are early.
I quit on 4/20/23 after being a 20years daily. Life’s not really much different. I am clearer minded and more focused. I get more done. Every so often someone passes me something and I take a puff and the effect is so strong now, and I’ll get that bit of an urge to spark one up for a few days or so but it fades pretty quickly.
Agree with all your positives though.
Being sober ain’t so bad!
Are you suggesting the Saitama prefectural police didn’t track Yuta Kobiyashi’s credit card fraud laundering attempt through monero? Surely a court of justice will decide, but what evidence would you have otherwise?
In case you were too busy or lazy to click through the article I originally posted to the source article, here’s that link. you might need a translator.
https://www.nikkei.com/article/DGXZQOUE211MN0R21C24A0000000/
Your description of America growing to a world power from early “open” boarder policies lacks context.
Pre revolution there was oftentimes extreme expense and hardship involved with immigrating to the USA, which often lead to indentured servitude to those whom paid for others way, slavery, or privately funded colonies bringing in people to farm and work the land- ie due to need.
There was actually very little immigration for the first 50+ years of the country’s history. Remember, it was VERY difficult to cross the ocean when this country was founded. Much more difficult to move around the world then compared to even the poorest of today’s migrants.
In the mid 1800s, a large influx of citizens were naturalized due to the Mexican American war, and the California gold rush. But at this point still greater than 90% of the citizenry was native born, as a majority of pre revolutionary immigrant citizens had passed.
Post-1850 manifest destiny and the expansion of the country westward demanded an increase in population to settle the American west, which began the major wave of immigration we all typically think of when we think of immigration history. But it really wasn’t even until 1880 with steam powered ships that immigration really began to grow quickly.
Your comment regarding 1921 is simply false. Immigration law began post civil war in 1875 when the Supreme Court deemed immigration federal jurisdiction, which lead to the Asian exclusion act being passed that same year.
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