Quote from: vapourminer on Today at 10:29:43 AM

Quote from: JayJuanGee on May 31, 2021, 11:54:38 PM

Quote from: vapourminer on May 31, 2021, 11:28:08 PM

Quote from: JayJuanGee on May 31, 2021, 08:15:34 PM

Crypto?

What the fuck you investing in that amorphous shit for?

looks like JJG has borrowed programming from the reddit SATA bot on r/gpumining.. anytime the word SATA the bot activates and posts about not using sata plugs for power delivery.

i think you put "no bot" after the trigger word to stop the bot.

so, quick test....

CRYPTO

CRYPTO no bot

lets see what happens

Are u referring to the "royal" lets or the "non-royal" lets?^tm

#justasking

[...img delete]...

I'm going to say "bloody Mary" three times to see what happens, too.

#justasaying

ok so "no bot" failed

test number two:

CRYPTO

CRYPTO no jjg

I'm gonna.....

Uuuggh

Quote from: Wekkel on Today at 04:46:22 PM

Quote from: bitebits on Today at 03:48:34 PM

Click below link to a whole thread. TL;DR historically we are severely undervalued atm:

https://i.imgur.com/0MdcWYk.jpg

Quote

Putting it all together. We run a 2 year moving median of NVT Ratio, that gets us an estimate of the mid-line value also accounting for the drift upwards due to the missing exchange activity. Multiply this by the on-chain volume, and we get a fundamental network valuation.

https://twitter.com/woonomic/status/1399644947565879304

As a sole metric the current signal of this indicator is ambiguous. Yes, below the mean but in the past this has also been followed by a bear market. So we still seem to be hanging on a thread between a 2013 scenario (new higher pop will come soon), a muddle through scenario (a long period sideways) and a bear market.

That's fair that we are not really getting much of anything from the NVT ratio chart in terms of telling us which way the BTC price might go from here.. just gives us a sense that the current price is undervalued.. but does not necessarily mean that the price might not continue remain undervalued for a week or even a couple of years.

Quote from: Wekkel on Today at 04:46:22 PM

Its low enough not to risk any short or sale (who shorts Bitcoin anyway besides Degens ... Roll Eyes

)

Sure, we are in agreement, but your way of making your point is kind of weird... It's like you are being way the fuck too accepting of the possibility that BTC could go down from here. When I think that the BTC price could go down from here, I neither even think about selling nor about the more extreme approach of shorting, but I would consider at what price point I might buy. Yeah sure I have already developed a system that I just buy and buy and buy and even started buying at $57k and have been buying all the way down.. so then a question for me would be ONLY whether to keep the buy increments the same or maybe to cancel some of them in order to buy lower.. but why fuck around with a system that already has been working pretty well, so I am ONLY suggesting the reasonable options are figuring out at what points and how much to set the buy orders... and a selling after the price has already bounced down 53% would ONLY be somewhat practical, perhaps if you presume a bear market and you presume that the various current BTC price models are needing of tweakenings.. and the evidence (and logic) do seem weak for that, currently.. even though sure, there is always a chance for anything but the odds do seem to be against such DOWNity from here scenario... drop another BIG ONE drop another BIG ONE .. and then perhaps.. so yeah.. dropping another BIG ONE would have to be the scenario (that is not out of the question) to help to facilitate some MOAR DOWNity from here..

Quote from: Wekkel on Today at 04:46:22 PM

but not low enough for a massive buy. It’s just ... in between.

The definition of consolidation, no?

Quote from: Wekkel on Today at 04:46:22 PM

But with every day passing in this region, the upside scenario becomes stronger IMHO.

Glad to see that you still retain some senses. #nohomo

Quote from: Wekkel on Today at 04:46:22 PM

Zooming out, hanging around at $35k like nothing is already amazing.

Now... that's a perspective worth reflecting upon!!

Whoaza!!!!!

Think about it?

Zoom out to compare September 2020, Whoaza!!!!! ($10k for reference)

Zoom out to compare March 2020, Whoaza!!!!! ($3,850 for reference)

Zoom out to compare December 2018, Whoaza!!!!! ($3,124 for reference)

Zoom out to compare December 2017, Whoaza!!!!! ($19,666 for reference)

Zoom out to compare Summer 2017, Whoaza!!!!! ($2k to $3k for reference)

Zoom out to compare Summer 2015, Whoaza!!!!! ($250 for reference)

Is there a need for any more zoomening outenings?

I doubt it..

The above zoomening outenings is amazing, but there is more, in the event that (are they retarded?) peeps do not get enough WHOAZA from those above zoomenings.