Is there price discovery behind BTC or is it just insiders jimmying the price higher to get some money out? Is there a diffference? My hunch is that $20k is the new base for BTC like $5k was after the 2018 massacre. It gets a bit below, it goes a bit above, until the next halving.
Now lets see how many comments are about BTC vs hapas and memes.
In anticipation of bad news Tether printer go brrrrr…..
Emory Tate
I don’t get it..?
Might be the father of andrew tate?
BTW, rumble between Hamilton HAPAS and Sunnybank CHANGS is a go.
Why are you trying to predict the movement of a market that is 100% fraudulent ?
the price is whatever the tether and exchange criminals want it to be
BTC isn’t 100% fraudulent. If it were, the price would be much higher.
I hold some BTC, it’s mostly for entertainment.
It must be very entertaining to hold
let’s talk about Britt Higgins and hapas again
Watching BTC isn’t as entertaining if you don’t own any. You should get some small but not insignificant amount. If you have the right amount you’ll not care too much about being wrong but you’ll pay attention. Even if you learn nothing about crypto you’ll get better at reading charts.
The BTC reward halving is a pyramid scheme which should have been outlawed years ago. But nevertheless we are still here. A few months ago I mentioned BTC would fall back to its electricity cost of mining and it did.
Nice chart!
I’m not sure that I really buy into the idea that the price of Bitcoin in anchored to the marginal cost of production.
especially considering that mining difficulty adjusts, I don’t see it as a floor…… nor do I see it as a ceiling….
However it would be a point of resistance, and would likely always revert to higher than the cost of mining, no one would want to mine for a loss.
Nice chart Freddy – I missed your comment about BTC falling back to its electrical costs of production. If I’d seen it I would have definitely agreed with it.
I personally don’t see this price as being particularly stable or strong. I think it is just the reflex action of a few whales buying BTC again on the prospect/hope of lower inflation and interest rates.
Exchanges are still going out the door backwards, regulators are now cutting loose and launching lawsuits and enforcing regulation, and some of the biggest participants who’ve played among the biggest roles in hyping and pushing the crypto agenda e.g. DCG are still likely to go out the door backwards with their exchanges.
I wrote about DCG in one of my early articles, BTC is the Establishment:
If DCG is allowed to fail, then it is all over – the Establishment have bought enough time to co-opt or catch up with the technology. If DCG is bailed out then there is a small chance we may see another surge.
But that, imho, is a story for another day. At the moment I just see the current move as dumb risk on trading by a few whales in a market with thinner liquidity than it has been for years.
It’s simple once interest rates go down and the money printer go brrrrr, bitcoin will skyrocket again
ive tried to get fanatical blockchainers to explain to me what the big deal is about this shit and just stood there agape listening to their lame explanations about why this is so important and groundbreaking, blah blah blah
its retarded
dunning-kruger manifest
Crypto is completely retarded. Blockchain technology is pretty cool for the limited number of use cases that it solves for.
I do not understand how blockchain could work without crypto because a database cannot decentralise without a built in (what I call recursive) incentive to maintain it. The act of mining crypto is what maintains the network.
Crypto puts the cart before the horse. Blockchain mining rewards are a network bootstrapping mechanism, fees are miners rewards and token aka crypto merely the native token to price network usage in.
Doing work i.e. usage is the objective, usage refers to paying for service not sending internet money, that only completes the service. Virtually no crypto does any or is capable of doing any work at scale.
Here are the sun king’s latest pronouncements
along with skippy and migrtonix displaying severe mental illness
bcnichMEMBER
January 16, 2023 at 8:19 am
Over 2023 and 2024 we are headed back to a minimum 2000 levels and possibly 1990s prices
Over the decade back to 1989s prices
This mean reversion theory is rubbish
As rates head to 20% and I think 30% 5,6,7 years out you work out how much you can borrow
Do we get back to 70s prices I’m not sure but 80s definitely
How can you possibly build. Materials and labour will be way too expensive
Because in the down and crisis credit spreads will blow out house prices will crash. They will do the TFF facility again and do multiple times QE, house prices will stabilise and rise but nowhere near highs say 50% down 15/20% rise
Material costs will rise again to much higher levels as they blow inflation out of control
Each time it takes exponentially more QE and inflation and int rate will rise to even higher highs
So we’ve reached a secular top in property and secular top in bonds
Yes like now there will be counter trend corrections but interest rates are going higher and any rise in house prices will run into selling pressure to lower lows
Material prices haven’t reached a secular top
We are now in a new trend
Most people down understand nor have experienced a bond bear market
House prices rising forever is a myth
Jumpingjackflash is the most tedious cunt, putting his Chick Tracts in every page.
Jumping jack flash’s presentation may be a little tedious from a stylistical point of view, but the content is very solid.
JJF understands what’s at play and how it works. Good mind.
Yes I agree. He understands the workings of debt and credit better than most.
skippy is way fuckin worse
everything he writes is some pseudo-intellectual schizo word salad about neoliberalism, the guy is a fucking incoherent lunatic
reading over that thread reusa is right imo
housing will be back to growth by the end of the year or so i think inflation is cooked. no idea other than just a feeling
I’d expect reusa to be more right than anyone else over there!
How would 30% interest rates work?
I’m not sure how we get to 30% rates in the first place. I mean, for that to happen the US would need to jack rates to those level first.
and why, so they can wipe themselves out in order to give China a free pass to world domination?
that said, at least bcnich is cogent in terms of what 20%-30% rates would achieve:
obviously nobody can borrow jack at those rates.
this is the wet dream where all the blokes who have been sitting in cash finally “win”.
“this is the wet dream where all the blokes who have been sitting in cash finally “win”…”
goodo then…. but win what really?
having some return on saved/banked fiat within an economy that’s hyperinflating like a red giant prior to it’s collapse into a neutron star, seems a little pyrrhic to me
Yep, pretty much. peachy was referring to a wet dream delusion tho. At 30% interest rates the country would be fucked.
I think BCnich is generally correct in his views – he just makes outlandish predictions which makes him seem like a mental case.
yeah gotcha I see peachy’s point better now..
and BCnich is correct in saying this debt engine is collapsing.
I’m just thinking 15% IR torches it ,not 30%
an opinion formed by remembering back to 20% days of fraser/howard and the carnage then….and that little episode of shitfuckery had resi RE mortgages capped@~13%-14%.
can’t see mortgage caps happening this time
…given that debts that can’t be paid won’t be paid, then defaults and foreclosures beckon.
and why, so they can wipe themselves out in order to give China a free pass to world domination?
Given the Biden regime’s propensity to do everything to destroy the US then I would expect that they would hike to those levels, especially seen as Biden is Winnie the Poo’s little biatch
I used to be that guy sitting in cash and waiting for rate rises. Had it all figured out, and knew that if rates ever did go back up to 6% I was on track to be getting 10k a month interest and potentially an early retirement. But as the rates kept falling towards zero, it dawned on me that the EZFKA property ponzi would never die as governments would continue to throw stimulus to prop it up.
But something changes once you buy a place – you just stop caring or worrying as much, which meant less following of the financial and economic blogs. Maybe because there’s so much else to do, I’m not quite sure. I did happen to read Becker’s latest thread, and all the comments weren’t too dissimilar from what was being posted a decade ago and it was just a bit too sad. And as someone who was always interested in economics starting to not care, I suspected that most people in the homeowner demographic never gave a shit in the first place or just assumed the good times would keep rolling.
It is a powerful epiphany when you have it. It is also the first rule of EZFKA – for the status quo to hold, housing must never be allowed to fail.
The EZFKA is a system for extracting agricultural and mineral wealth and concentrating it in Sydney and Melbourne. Most immigrants go to Sydney and Melbourne, which then get the quickest growing populations which means more seats in parliament and turns at hosting the PM. The country is therefore, being a democracy, legitimately run for the primary benefit of the two biggest, trade deficit growing, cities. Or more particularly for their elites.
dead right….am holding very little cash…spending it on any hard asset I can use and a handful of etfs around the place
Yeah. I bought a house in 2021 and retired in 2022. Right now I’m at the range with a couple of rifles, enjoying life. Except for the cunt next to me with a .300 Win MAG.
Anyway I don’t give a fuck about economics blogs any more either.
Of course they care. Especially the idiots who have lived beyond their means funded with equity mate. There will be a reckoning, and it will come in the form of a pension crisis.
Superannation will go to the banks to pay off the mortgage. There will be a lot more people relying on the pension than was planned. Especially with the Branch Stacking Labor party letting non-taxpaying foreigners come into the country to suck on the welfare teat. The pension will be diluted to the point of worthlessness.
I can retire now at ~50 but I know the rules will change. They will have no choice but to tax the fuck out of retirees one way or another. You own a one-bedroom shoebox? That makes you a millionaire. No free healthcare for you.
You would need to be a banana republic protecting your currency from hitting rock bottom. I can’t see it happening in this economic zone anytime soon.
it wouldn’t lol
and lets square all that with iron ore going through $300+/tonne
lols rates at 30%. hahaha
20% rates is laughable. 30% makes me think he’s smoking the same crack pipe as migtronix haha
who could have guessed?!
it’s a gift…
Such a great strike rate. The subs have to be the dumbest people on the planet. Get retarded advice from clowns like becker and DLS.
Think lethal still does good stuff occasionally.
It is not retarded. Just do the exact opposite. They have turned into the Pascoemeter that they despised.
It must be some sort of talent to be exactly wrong.
Hehe, was thinking the exact same thing on the embee pascoemeter.
I stand corrected, you’re right
LoL indeed 😂
Yes, Robert, it has certainly been behaving like 18-20k is some sort of natural level.
to be honest, this surprised me to the downside. I thought that level might have been about 30k. But we have spent so long below that level that I accept that I was completely wrong on that.
if insiders had the ability to drive the price up to get money out, they would have done it earlier and harder. I think that this is where it wants to Bob at naturally.
Saving this dogshit take to embarrass you with at a future date
Oh this is juicy. You should put a wager on it? Peachy will keep you honest 😉
Speaking of grifts seems these two fags are hell-bent on gobbling up subsidies anyway they can.
https://www.theage.com.au/business/companies/forrest-mulls-bid-to-buy-sun-cable-solar-farm-ditch-singapore-link-20230116-p5ccrl.html
I really don’t understand why they wanted to build a cable in the first place when they could have sold it for higher prices domestically
the cable was an absurd proposition and incredibly expensive to build, for no benefit
think cannon Brooke’s is probably a dumb fuckwit with a god complex but who knows why Forrest was involved
Economically and physically it never made sense. But if you are getting massive subsidies where you will still make a buck no matter what happens, then why wouldn’t you do it?
Of course it is not commercially viable. It would lose an insane amount of energy by the time it got to Singapore. It would have been next to useless for the Singaporeans. Who are the people stupid enough to fund this? Are they same people that funded FTX?
They would be better off using giant battery ships and sailing them to and from Australia carrying the solar energy like tankers. A cable from here to Singapore would struggle to power a light bulb by the time it got there.
Exactly! Billions in subsidies just to power a light bulb.
https://www.youtube.com/watch?v=YH2mtqZzYwE
31c/kwh?
and that is cheaper than ICE by how much?
Some interesting ideas here
https://twitter.com/RnaudBertrand/status/1613924570725244928?s=20&t=O7SiIoQKvkquVYXJKqafgA
uunfortunately he doesn’t discuss Britt, sorry lads
https://twitter.com/electionlegal/status/1614863159721877505?s=46&t=mkhE2zgHV_9PAjXnVsVAQg
lmao can one of the boomers with image privileges please post these
Use this site:
https://www.proxynova.com/tools/tweet-to-image/
and then post the image link…
So posting links to images will embed the image?
That’s how I have to do it. Putting a link to an image does get converted automatically, but it’s a pain to have to upload it elsewhere.
I’ve noticed Bing’s memes are uploaded onto the EZFKA site, and I can recall Peachy was talking about an “add image” button but I suspect this feature isn’t on older accounts which is why we’re unable to share images.
This is what my UI looks like:
OK thanks
As I have found out, if I log out, the image button appears. So log out, add image, before you can post, it’ll ask for your login and the image goes through. Best workaround so far.
Earnings releases this week before/after open.
Percentage of market cap and number of companies reporting coming weeks
Hey how come you can post images?
It’s a boomer privilege