BITCOIN

User232002

bugbyte_2 said:

And with those three paragraphs you prove everything the new poster wrote. You do realise your stats were cherry picked as well? Of course you do. Strange how you don't address any other measure of volatility, but I guess we know why. 

30 day, 60 day and Option IV are pretty standard measures. What other options did you want to use? Sorry but setting arbitrary limits as what counts as 'volatility' and then using this as a data set is a really poor application of statistics. 

bugbyte_2 said:

As regards my background, it is completely irrelevant, but I do have a Masters in Autism Spectrum Condition so I can spot single issue obsession a mile off.

Thanks for confirming you have none.

bugbyte_2 said:

Energy use? What about the 70% that is not claimed to be from renewables? I guess 70% is not a big percentage in BTC world.

Would you like to post your source for that number? Oh, you made it up...

Bitcoin sustainable electricity mix is 58.4% per Bitcoin Mining Council. That's a higher percentage than most western countries. I think Bitcoin is leading the change.

https://bitcoinminingcouncil.com/bitcoin-mining-council-survey-confirms-year-on-year-improvements-in-sustainable-power-mix-and-technological-efficiency/

Zola. said:

A lot of people will no doubt lose their shirt if the capitulation continues and they need that cash in the immediate future. More fool them for going all in. 

Agreed. Some good buying opportunities over the next 3 months or so I think. Macro still terrible though so plenty of time to stack.

bugbyte_2

@ darren,

2 standard deviations is a common measure, as you know, and is actually quite a lenient threshold. You picked SD as a measure of volatility then found some charts from fan boi sites showing 2011 - 11 years ago - is slightly more volatile than 2021.  Well done, but it does not really take into account the volatility of the past month, or reflect any other measure which is normally applied to assets.

As regards my background, I am really not going to get involved in this - I am not trying to prove to anyone anything, and of course I could just lie. I have some knowledge of maths and SD is not really that complicated.

Energy - 30% came from a previous discussion pages ago and CBA to go looking, so we will take your 58.4% from the obviously independent bitcoin mining council, a voluntary forum of bitcoin mining companies based in Texas, not known for its oil production.

What about the other 41.6%?

Adyinvestment

Bitcoin Fear & Greed index at 6...the lowest it has ever been

Mostly down to the greed or mis-management of Three Arrows Capital, beggars belief that a $10 Billion dollar hedge fund has gotten themselves in a position to be liquidated!

It is not only the noob degenarates that can't control their greed!

Michael121

Michael Saylor Meme - NO SECOND BEST - YouTube

Malthusian

Adyinvestment said:

Mostly down to the greed or mis-management of Three Arrows Capital, beggars belief that a $10 Billion dollar hedge fund has gotten themselves in a position to be liquidated!

As long as you're not familiar with neither the definition nor the history of hedge funds, then yeah, staggering.

The whole point of most hedge funds is that they boost returns by investing borrowed money, which inherently means they can go bust. Going bust doesn't in itself mean TAC were greedy or mismanaged. Unless they were breaching the fund prospectus in some way (aka doing a Woodford), they were doing what they said on the tin.

$10 billion is relative peanuts - Long Term Capital Management had $230 billion (mostly borrowed money) when it imploded.

[Deleted User]

That's sums it up.

masonic

Fingers crossed those pesky particle physicists don't create a new stable chemical element with superior properties to gold.

bugbyte_2

Gold has a point to its existence.

Struggling to think of the point of Justin Beiber, temporary traffic lights, bidets, Preston, 'Contains Nuts' warnings on packets of nuts, anyone called Boris, scatter cushions on beds, pet cats, any amphibian, bob hair cuts, webbed feet, Risotto, videos of people falling over, Manchester United, Manchester, people who say 'Mmmm' when they eat something, water divining, unprovoked cackling, people who say things such as 'that's a two person lift' when it clearly is not or it is very obvious it is a two person lift, some of my wife's friends, cheese swirls, things that should be squirrels but aren't, and..... you can probably see where this post is going.

HHarry

[Deleted User] said:

That's sums it up.

No, it really doesn’t.

slopemaster

bugbyte_2 said:

Gold has a point to its existence.

Struggling to think of the point of Justin Beiber, temporary traffic lights, bidets, Preston, 'Contains Nuts' warnings on packets of nuts, anyone called Boris, scatter cushions on beds, pet cats, any amphibian, bob hair cuts, webbed feet, Risotto, videos of people falling over, Manchester United, Manchester, people who say 'Mmmm' when they eat something, water divining, unprovoked cackling, people who say things such as 'that's a two person lift' when it clearly is not or it is very obvious it is a two person lift, some of my wife's friends, cheese swirls, things that should be squirrels but aren't, and..... you can probably see where this post is going.

I was with you until.... pet cats....how dare you?!