[theluckycountry]

Hilarious: As Energy Costs Soar, Home Bitcoin-Mining Is Going To Heat Europe
$this->bbcode_second_pass_quote('', '
')As energy costs soar and grids destabilize, European innovators are turning to Bitcoin mining at home as a decentralized solution — blending heat, profit and power independence in one sleek radiator...

Maximilian Obwexer had a problem. He was heating his home in Austria with conventional heating oil, and it was expensive. A tinkerer by nature, and a former engineer having worked on hydropower plants, he was trying to find a better way to heat his home.

After many rounds of experimentation and having delved down the Bitcoin (mining) rabbit hole, three years ago he founded a company devoted to the effort. His company, 21energy, makes well-balanced, sturdy, and incredibly beautiful (and incredibly quiet!) miners for home use. The early models of Ofen 1 boasted up to 10 TH/s, while the premium model could reach, at top speed and making plenty of noise, 40 TH/s... Blah Blah Blah

[theluckycountry]

Key Takeaways: $this->bbcode_second_pass_quote('', ' ')The average energy use per Bitcoin transaction is now approximately 1,335 kWh, roughly equivalent to the power consumed by an average US household in 45 days.

[EnergyUnlimited]

$this->bbcode_second_pass_quote('theluckycountry', '
')Well at least the last one posting up relative information, the rest are just bewildered old boomers clinging to the dreams of yesteryear. How's things panning out in Poland? I read you're on a real re-armament binge there.

Here's a good vid for you mate. https://www.youtube.com/watch?v=lX1Csk2vn5A

[theluckycountry]

$this->bbcode_second_pass_quote('EnergyUnlimited', '
')Yes, Poland is arming but in rather not intelligent way.
For me it looks more like corruption and a theft of taxpayer money than a genuine effort to build war worthy army.

[theluckycountry]

I was just looking at the last bottom in the dow, back on August first. BTC had followed it down and bottomed two days later @Inke, at a low of $112. Today it's $113k, and still two days to catch up with the DOW. But I must start looking at the other US indexes, specifically the Nasduck, because the DOW's current low is actually up quite a bit from the August 1 low. Without getting too technical I believe it's a bit like how objects move in gravity wells. If another large gravity well comes close to the object that can deflect it too.

You should really be doing this analysis Inke but I know you're far too dumbed down so it's left to me A no-coiner as your ilk like to brand people who haven't been sucked into the scheme. It's an interesting fact that prior to the Great 50% crash of the DOW and others back in 2008, not a single mainstream economist or other mouthpiece was calling out the issues in the system. It was left to the fringe investigators to do the simple arithmetic. Of course the 'establishment' dragged out that lame cover story about how the collapse of the entire global financial markets was the result of a hedge fund and insurance company going under but only an idiot would believe that. And even if it was true, which it isn't, what would that say about the stability of the current system?

The same happened in 1929. All the big economists and papers were touting the boom and saying American stocks had reached a new lofty plateau. But again a few lone investigators running the numbers saw that it had been a huge bubble of malinvestment. They made a fortune when the crash came and in the subsequent years. One man, and his name eludes me, sold all his general stocks and went all into Gold Stake mining. He made an absolute killing in the years that followed. It will be the same this time, there will be a massive crash the likes of which has never been seen and a lame excuse will be offered as the coverup for the greatest wealth transfer in recorded history. Many Americans will end up renting their homes off of the banks and corporations, probably in some cases their own homes that they'd been paying off. A sort of "company town" like in the old days.

$this->bbcode_second_pass_quote('', 'M')ay 15, 2024 — Policymakers in states across the country are finally pushing back on Wall Street firms buying up swathes of single-family homes to rent out at high prices.

[theluckycountry]

$this->bbcode_second_pass_quote('careinke', 'A')s far as "deep" in debt for ROW-B, you are just dreaming. A 2% interest rate, $200 savings on Gas per month after I deduct electricity costs, no 5,000 Mile ICE service ($400/visit), I'm pretty sure I'm coming out ahead on the deal.

[theluckycountry]

OMG. have a look at this SoyBoi, is this what Americans are really like now?
https://www.youtube.com/watch?v=l-LPYsp14_Y

I can understand now why the Blacks go around stomping these people into the ground. "insects"

[theluckycountry]

back on topic.

Luckies theorem of the DOW seems to be breaking down? I'm not upset or even surprised by this, no pattern in human affairs follows a perfect course though they do adhere to regular patterns, like the 18 year capitalist cycle in markets (crashes). Or consider the 80~100 year cycle exposed by Strauss and Howe, the saeculum consisting of four generations, each distinct from each other but each mirrored by a similar cohort in all the prior saeculums, a saeculum here is an old Greek or Roman term meaning a long human life.

But getting back to the markets and the correlation with BC, it seems BC has gone off the rails at the moment? All three major measures, the DOW and the Nasdaq, along with the S&P 500 index, have been climbing at a regular pace over the past 5 months, each mirroring the other. BC went along for this ride and I have been citing the DOW as it's handler, which was really lazy on my behalf because in terms of actual "species" the cryptos fit into the Nasdaq Family tree, Nvidea, Microsoft, apple etc. Techie stocks, volatile growth stocks. These are the same primary components of the S&P index too.

About 5 or so days ago a divergence appeared between the DOW and the NASDAQ, the former flat-lined but the Nasdaq rolled over. Just go over to Google and punch in "Nasdaq chart", then look at the one month display, then simply replace with S&P and DOW to see the comparison. We'll leave the S&P behind for now as I believe the Nasdaq is the only chart needed to see where BC is going, and at the moment it's going DOWN. BTC is currently down to $112,500, what was it a year ago? Just North of $50,000. Hasn't it done well

Yes it has, with gains of around 100% coming off a low, which while good compared to many assets it's hardly the BIG BOOM predicted by the coinheads. They are still collectively hodling their breath waiting for the moonshot. But why? The moonshot has already been, as evidenced by the liftoff in late 2022 from $16,000. Simply go look at the 'max' chart here https://www.coingecko.com/en/coins/bitcoin and you can compare the prior booms for comparison. Personally I think the coinheads have lost their collective minds this time. Knowing all the fundamentals have been proved false they have thrown out the only one that seemed to ring true, namely their beloved "Boom Cycle" Which as we have seen is nothing more than an amplified response to the action seen in the stock market. They are in denial about the Big Pullback that I believe we are on the cusp of.

Inflation, or a sort of Hyperinflation more accurately is the only thing that could drive the markets up from here. Because it's what's driven them up all along, all through history. MMP, Massive Money Printing will lift these boats but will also destroy the real economy, just like after the 1920's. But we have seen that kind of printing since the 2000's so who can borrow the money now, the world is maxed out on debt, especially $US Debt? Massive Deflation is a real cycle too though we haven't seen it rear it's ugly head for a while, about 80+ years in fact, a full saeculum ago...

What happens to markets in deflation? They collapse and stay down of course, only Gold rises then, it's not a 'market' it's Real money. More on that in my next post.

[theluckycountry]

Sinking like a stone, $112,006
Don't ask me Inke, I'm taking the weekend off

[theluckycountry]

12 hours till the NASDAQ opens. SE Queensland is 14 hours ahead of new York, "Ahead" remember that.
The typical W/E rally in the tokens didn't happen, S-coin rallied a little then dropped 2000 in an eyeblink. Some large trade, some liquidation by a Whale? It's back to where it was on Friday.

China Tariffs will directly tax the US consumer when the 90 day truce ends, US corps are using the time to stockpile, but after they are enforced don't expect those same corporations to pass on the savings from their pre-tariff buying binges. That's their windfall, not yours. A rate cut in September? No doubt, but it won't offset tariff inflation, those are measured in the double digits. It's like trying to get blood out of a stone now, but if you want to make America great... again, you'll just have to give that money over and believe the Donald

[theluckycountry]

Well that's the bottom. BTC will rally from here and boost to $250,000 by the end of the year, nothing surer.

[AdamB]

$this->bbcode_second_pass_quote('careinke', 'D')o you have any purpose on earth, say higher than a slime mold? Curious minds want to know.
Peace

[theluckycountry]

1 in 4 UK adults open to investing in crypto for retirement: Survey
$this->bbcode_second_pass_quote('', 'U')K insurance company Aviva said on Tuesday that its poll of 2,000 UK adults found 27% were open to crypto in their retirement funds, with just over 40% of those open to crypto saying they were motivated by the higher potential returns.

The survey, which was conducted by Censuswide June 4-6, also found that 23% of all those polled said they would consider withdrawing part, or all, of their existing pension to invest in crypto. The poll came as US President Donald Trump signed an executive order earlier this month permitting US 401(k) retirement plans to include Bitcoin

[AdamB]

$this->bbcode_second_pass_quote('careinke', 'Q')uick update, My SOL limit buy order closed at $165.88 in Ponzi FIAT dollars.

PEACE

[theluckycountry]

$this->bbcode_second_pass_quote('careinke', 'R')ight now one BTC will buy over 34 Ounces of pretty rocks. I think that is a new record!

[AdamB]

$this->bbcode_second_pass_quote('theluckycountry', '')$this->bbcode_second_pass_quote('careinke', 'R')ight now one BTC will buy over 34 Ounces of pretty rocks. I think that is a new record!

[theluckycountry]

JUST



Remember the memes, remember the tops, remember your Vow! Keep the faith, just do good every day and believe the Universe will look after you.

This is your mantra, say it a dozen times a day and it will guide you out of Plato's cave and into the light of existential wealth, and lambos.

[AdamB]

$this->bbcode_second_pass_quote('theluckycountry', '[')b]JUST

[Armageddon]

Governments and central banks are buying gold. I’ll do what they do

[AdamB]

$this->bbcode_second_pass_quote('Armageddon', 'G')overnments and central banks are buying gold. I’ll do what they do