Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
⭐ Merited by JayJuanGee (1)
about an alt: people are finally waking up to a basic betrayal of trust...
https://www.trustnodes.com/2019/12/27/the-mystery-of-12-million-eth
what a clusterf--k, but with us pushing 70% in dominance, would not add much.
Sorry but had to post again, still can't get my head around this. Most indicators are telling me we're going down. Hash Ribbons is telling me the bottoms in on a long-term scale.
Why do I care about Hash so much? I don't, I care about an indicator that's given 9 signals in 9 years with 100% success rate of calculating post-bottoms in the market (or best accumulation prices). Therefore, if this signal is wrong, it would be part of the 10% unreliable signalling, meaning on a Daily time-frame at least, there is a 90% chance the bottom is in
This signal might still work, but there is a simple technical explanation for hashing rate stagnation (or minuscule decline).
The reason is that upon decline from $14K to $7K and simultaneous prior increase in hashing caused by the deployment of new generation miners (starting in about may-June), old trusty S9 miners became mostly unprofitable to run and there was A LOT of them, so it was a multi-month process of switching old gen off and new on. Large miners never do it in one swoop, it is a process.
TL;DR It is was not switching hashing OFF, it was a replacement cycle.
https://www.trustnodes.com/2019/12/27/the-mystery-of-12-million-eth
Quote
Yet so much remains unknown. Was there a contract? Between who? What were the terms? What were the conditions? Has this contract been breached?
By the letter of it, perhaps not, but in the court of public opinion it certainly has been breached, for that payment was based on the promise of a completed roadmap to Serenity, a promise implicitly or explicitly made by all of them.
They got so much, and instead of exercising their knowledge, even their talent, and perhaps more importantly instead of educating the new generation to pass on skills, they spoil themselves.
By the letter of it, perhaps not, but in the court of public opinion it certainly has been breached, for that payment was based on the promise of a completed roadmap to Serenity, a promise implicitly or explicitly made by all of them.
They got so much, and instead of exercising their knowledge, even their talent, and perhaps more importantly instead of educating the new generation to pass on skills, they spoil themselves.
what a clusterf--k, but with us pushing 70% in dominance, would not add much.
The Hash Ribbons indicator is currently signalling a buy. Closing the day at current price would be the first buy signal since January 11th 2019 at $3,632.
Sorry but had to post again, still can't get my head around this. Most indicators are telling me we're going down. Hash Ribbons is telling me the bottoms in on a long-term scale.
Why do I care about Hash so much? I don't, I care about an indicator that's given 9 signals in 9 years with 100% success rate of calculating post-bottoms in the market (or best accumulation prices). Therefore, if this signal is wrong, it would be part of the 10% unreliable signalling, meaning on a Daily time-frame at least, there is a 90% chance the bottom is in
This signal might still work, but there is a simple technical explanation for hashing rate stagnation (or minuscule decline).
The reason is that upon decline from $14K to $7K and simultaneous prior increase in hashing caused by the deployment of new generation miners (starting in about may-June), old trusty S9 miners became mostly unprofitable to run and there was A LOT of them, so it was a multi-month process of switching old gen off and new on. Large miners never do it in one swoop, it is a process.
TL;DR It is was not switching hashing OFF, it was a replacement cycle.