Watched Dune on my tv last night via HBO MAX - put it on at 09:30 with the kids out at school and invited friends around.
Why the cinema is better - nobody asks you stupid questions about what's going on they just sit back and enjoy the spectacle. Also if you're watching a film at home and have to ask someone what's going on - wait until the actors have stopped talking.
Setup: NAD T777 surround sound amplifier - direct 5.1 Dolby suround, 180W Q-Acoustics speakers, subwoofer, centre and rear, apple 4k TV, LG 65 inch 4K UltraHD TV. (almost all bought second hand) tip for those of you wanting a good sound setup - get good quality second-hand speakers - much better value than new low-mid range priced speakers.
Awsome setup - was worried at one point that I'd have the neighbours calling round as I almost put the sound level to neutral on the amp - which for those of you that don't have a big amplifier it means - it's f@cking loud - the couch shook occasionally.
Started to write a post about Craig Wright trial news popping up in my Twitter feed. And then I thought I can't be arsed.
Instead - I thought I'd just say - I hate social media algorithms.
"It's a bit like in the 90's , where the worst dot com companies performance wise were the ones that were profitable. As when a company has profits, you could value it using traditional metrics."
great video on the squid game rug pull... by Patrick Boyle
https://www.youtube.com/watch?v=kfN8_njp2HA&ab_channel=PatrickBoyle
I know the BCHUSD price is frustrating - but the accumulation base is now very very solid compared to a lot of coins that have expanded quickly. The volume by price chart is as solid as it gets. My hunch is that when it starts to break and stay above 599 - it's going to start its bull run properly. There is a water line set at 599.40 since early 2018 in the middle of the bear market and before and after the BSV fork. You can think of the waterline as a mirror its been on one side of it for a very long time but it will flip.
In terms of price, I tend to ignore all the price action that happened at the genesis of the hard fork and really only count the price action deep into the bear market and post BSV fork. Others might differ in that respect.
It's already shown strength hitting 1640 - because of the heavy prolonged accumulation when it starts to move it will melt faces. Right now supply is running dry and for all of those people thinking price is manipulated - it is but it works both ways - there's been a steady raising of major buying at key points over the last few years too - indicated by double bottoms marked on the chart. Right now, unless there is a major decline across the whole market I don't see it going below the 480's again and its clear that the 515 mark is heavily protected.
One other thing - BCH is highly liquid and available on exchanges that have FIAT as opposed to tethered coins. When the market is really in full swing we will see BCH being used as a daisy chain to cash out into FIAT.
Crypto rotation investment strategies in a nutshell. In crypto Financial freedom is currently about FIAT extraction processes - as opposed to real world adoption. Sad.
Entire BCH Twitter community waiting to see if it's going to double bottom against BTC.
https://www.tradingview.com/x/D79rdbOp/
Get ready for a puke phase...
Just completed the noise.cash challenge ranking posts - I’d forgotten what the explore everything section was like. Ended up checking for plagiarism on most of the posts. What a pain in the arse - also made me realise I’ve become a bit lazy in terms of finding interesting feeds to subscribe to.
Been reading about the BeachSwap scam via moregainstrategies posts.
1. What a drag - getting rug pulled is not very nice - but it happens all the time in crypto defi just made it easier. However there are plenty of projects that now have 0 liquidity and plenty of bag holders. We’ve all been there and the important part is to learn the lesson without getting neurotic and wasting time going down rabbit holes. If you got robbed get over it and reset.
2. I posted on this a while back - if you really value your capital wait a while until a project has a critical mass and has proven itself. Greed and dreams of fast returns are the ultimate killer.
Just a note to anyone who subscribes to me and reads any of the analysis or comments that I put out on Bitcoin Cash and its market performance - I try to be honest about what I see for two reasons.
1. I don't subscribe to hype trains
2. I want to be able to look back at my posts in the future as a type of diary recording my psychological condition at different phases of the market.
Regardless of Bullish or Bearish scenarios, I believe Bitcoin Cash is an amazing project and I'm fully onboard regardless of ups or downs.
Sad to say Bitcoin Cash has dropped out of the top 20 in the Coingecko rankings and is now bundled around a series of other coins at around 12-10 billion market cap. While holding value it isn't gathering enough investment at critical moments of market expansion to keep up with other midcap projects. Of course, this might change in the coming months but it's a difficult pill to swallow given the technical advancement of the project, the initiation of smart contracts, the emerging DIFI space and the continual growth in merchant acceptance.
Coin fair value currently puts BCH at $702 however most projects in the top 20 market cap are trading above fair value by a factor of 1.5-4.5. Meaning Bitcoin Cash is not currently considered a speculative investment. Which on the one hand is positive on the other hand shows a low network effect in the current environment.
https://www.coinfairvalue.com/coins/bitcoin%20cash/
1. It's very difficult to market BCH due to overwhelming pressure in social media
2. Generally the available analysis on the project is either heavily bullish or bearish - meaning it's going to break out to all-time highs by January or it's going to 0.
Neither of those scenarios is high probability.
https://www.tradingview.com/x/ViIgRo1E/
Starting to get messages from everyone I onboarded over the last few months that their wallets are now showing profit. Where and should I buy a bit more are the general questions. For the cost of a few weeks worth of tips spreading the word is paying off.
George Donnelly describing something that’s been on my mind for a while - if Bitcoin Cash drops the comparison to Bitcoin what is are its best selling points? I don’t always agree with Donnelly but I think in this case he brings a focus to thinking about Bitcoin Cash messaging.
https://youtu.be/JkmpbtCYs8I
BCHUSD - Supply at the 600-615 level is starting to run dry across all exchanges.
https://www.tradingview.com/x/k4dSsKC8/
I still can't believe how long its taking to get out of the BSV pre fork zone. Also XECBUSD starting to look like a series of exit pumps. If 0.00018 breaks I'd expect it to move quickly to 0.00013.
After listening to the Marc Cuban verses Bitcoin Maxis debate - their mane argument against BCH was it doesn’t have the network effect to succeed. The technological arguments for Bitcoin are pretty much down the toilet since the lighting network came into effect.
https://youtu.be/VR0psOF6dW0
Listening to Marc Cuban debates Bitcoiners
Edit: now I really understand why maxis are called maxis - they literally believe that Bitcoin is a universal solution - big mistake.
https://youtu.be/VR0psOF6dW0
Just finished a coffee - doesn't feel like it's kicked in properly. Thinking of asking the cafe if they can mainline some caffeine directly into my arm.
Went to fill up the car on Thursday and noticed that I didn’t get a half tank with 300sek- 30 euro. Had to fill up again today and then noticed prices have skyrocketed.
Up 25% since last year.
Tried to use my wallet to tip those that Renoised a post of mine but got boomerang tips back at my account - the only solution is to go to their profile and tip one of their posts.
Would love to have a translate comment button so I can see what noisers are talking about in other languages - most often I’m copying and pasting Spanish into google translate - big up to all the languages and countries represented on noise.cash.
@Z1
