My favorite thing about bitcoin is how quickly $16,000 feels cheap.

My least favorite thing is when it won't even hit my highest buy orders.

If you weren't here in 2013, I suggest you change your chart to log scale and zoom out.

This weekend is barely a ripple.  I won a contest for guessing when we would hit $1000/coin, and then I had to hold my prize for two years while it dipped as low as $160.

If 10% gives you poop emojis, you would be better to just sell your stash now and buy yourself something nice.  Otherwise, lock it in a safe place and come back in 2020.

This looks to me like the Silk Road bust for this cycle. 

It shocks me to say so, but then it shocks me to be planning for the impact of capital gains on my 2017 taxes.

Remember when Silk Road was busted, and nobody thought that bitcoin had legitimate value?

Today feels a little like that day.  

I think this is going to be a good month.

To be fair, llamas and Brazilian academics see the charts upside down because they are in the southern hemisphere.

Handle Handle Handle

I can barely hodl it

Put your friend's money in the bank.

Then, spend your backup $4,000 on bitcoins.  Today, despite the latest step up.

Wallet import format transcribed in pencil from Vanitygen, in a safety deposit box.

I just can't stop staring at this one.

Reading through their whitepaper this morning I see things like "transaction limit of 1 bitcoin" listed as security features, so I am pretty skeptical.  Still, chargebacks are possible with e-Bay and yet things work.  Perhaps a reputation system will make it all work in the end, or maybe a bunch of people will be scammed for a ton of money.  How exciting to find out!

1) The bitcoins are programmed to be released only when two of three people agree that the money has been received.
2) When the money gets to your bank account you and the buyer release your coins.
3) If you lie about it, the buyer and a random aribitrator release your coins.

Not sure that I would trust it...  but seems legit.

Our PM looks like Prince Charming and just explained quantum computing like a 5-year-old.

https://www.youtube.com/watch?v=4ZBLSjF56S8

I really have to thank you, Mat, for literally years of this kind of entertainment. 

Your reliability as a reverse-indicator is absolutely uncanny. I am beginning to think that the sharks really are out to get you personally. Thank you for never giving up.

It doesn't matter what technology you use.  Unless your miner operates at 500 C, the amount of electricity you can generate is very small.   

Even boiling coolant water could at best give you 25% energy recovery, even with a perfect system.

I remember this from a couple of years ago.    

Two days of excitement and suddenly I am bored by 5% daily growth.

Thank you for the best threads in bitcoin.

I hope to hear from you again in a few years when this wave has crested.

Ah yes, the old 2-year daily moving average.  That one will stop this momentum in its tracks.  

That or all the weed that is being smoked right now.

(Am I right in reading your chart's legend?)


[edit:  Me and my big mouth.]

Here is that nice steady 1% per hour growth that I remember so fondly.

Steady as she goes, boys.

$30,000.00 USD

because
a) This would still be less than the change in 2013, and
b) What would be the point of winning if the current trend hasn't changed by then?   

You know that moment where the ball goes through a tiny hole you chipped in the wall, and starts bouncing around the top of the screen scoring points while you leave the keyboard and go make a coffee?

I loved that moment.  We are going to have one of those soon with the bitcoin price.

I just tried to make a meme superimposing Breakout with the bitcoin price breaking breaking through and then bouncing off resistance/support, but I then got lazy.


Thanks for the memories though sgbett.