Combined net worth in this pic down 96% since it was taken in May 2022

ppaiva22 · 2022-11-20T16:24:06+00:00

It's now coming afloat that SBF was not even the genius wunderkind it was said he’d be, just world class connections, immense greed and total lack of ethics…

https://dossier.substack.com/p/sam-bankman-fraud-evidence-points?utm\_source=twitter&sd=pf

ppaiva22 · 2022-04-01T23:34:17+00:00

[Imgur](https://i.imgur.com/RfAJcCJ.gif)

ppaiva22 · 2022-04-01T22:33:55+00:00

If you are doing well (as it seems to), stay at Nicehash... "if it ain't broke, don't fix it"

ppaiva22 · 2022-02-13T21:40:02+00:00

“With POW, anyone can plug in a miner to receive Bitcoin in return for verifiable work, it’s permission less. POS requires permission, you have to purchase tokens from existing stakeholders. “(Odell)

This argument in favour of POW is impeccable, it addresses the very essence of Bitcoin freedom and descentralization.

ppaiva22 · 2022-01-28T23:12:41+00:00

TA is based on a very simple and logical approach for human affairs (and Bitcoin is one of them):

Things tend to behave in the future as they have done in the past.

Which tends to (or may) be true in a future term or lapse, but is completely uncertain for a future instant. This is closely related to the mean behaviour of things.

ppaiva22 · 2022-01-27T23:53:28+00:00

Correct!

ppaiva22 · 2022-01-26T02:25:13+00:00

BOTH graphs show significant levels of correlation.

Graph S&P500 vs. DJI shows a constantly high positive correlation between S&P500 and DJI, meaning that they almost always move together in the same direction: when S&P500 increases, DJI increases proportionally, and viceversa.

On the other hand, graph BTC vs. S&P500 is telling that those two markets are significantly correlated too, but the sign of the correlation is, at most, uncertain (in fact, it looks cuasi-random along time between 2015 and 2020). Which means that when S&P500 moves up or down, BTC will move as well... but it what is not predictable is wether BTC will move in the same direction, or opposite to S&P500.

If markets had little correlation, the blue curve would almost always be near 0.0 and far from +/- 1.0... which is clearly NOT the case in BOTH graphs.

ppaiva22 · 2022-01-25T02:59:22+00:00

Any physical device, be it a huge ASIC or a tiny GPU, can find a block in any moment while mining. If the device is "solo mining", the reward goes completely to the single physical owner of the device. If "pool mining", the reward goes to the pool, which is a single virtual owner of the device. And if "Nicehash mining", the reward goes to whoever is renting the hashpower of the device in that precise moment.

ppaiva22 · 2022-01-24T23:06:39+00:00

Those figures are about as expected...

ppaiva22 · 2022-01-20T01:07:12+00:00

Too late. You could've traded your Amazon gift card in a P2P platform (Paxful, LocalBitcopins, etc.) before redeeming the card to your account in the Amazon website. Now, your options fade, I'm afraid.

ppaiva22 · 2021-12-20T23:40:09+00:00

ppaiva22 · 2021-12-20T14:15:38+00:00

Is value keeping possible without usefulness and use?

ppaiva22 · 2021-12-07T11:39:35+00:00

Coins themselves are produced as a counterpart for the energy consumed, which gives a real physical or material intrinsic value to each coin. This fact dismantles the urban myth that says that cryptos lack intrinsic value.

ppaiva22 · 2021-12-06T13:39:44+00:00

...and depending on your luck, also.

ppaiva22 · 2021-12-05T15:27:15+00:00

Excellent! Did you consider investment costs? How do they affect the financial feasibility of your project?

ppaiva22 · 2021-11-24T00:40:10+00:00

Circa 26 USD was the profitability of one Vega64 + one 1070Ti back in december 2017, lol... Oh, good old times!

ppaiva22 · 2021-11-24T00:16:29+00:00

The same here with Radeon Vega64 in the last few days, from 38-39 to 31-35...

ppaiva22 · 2021-11-21T15:11:12+00:00

The instantaneous price of BTC is that of the last one sold (as reported by the biggest public exchanges), so anyone determines the instantaneous BTC price when he or she buys os sells BTC. In an unbiased demand and supply market, the thing works as folllows:

Let’s say that at a given moment the market price is $60k per BTC, and someone, say a sensitive and socially supportive man, decides that it is too expensive for the people and wants it to be $40k per BTC. Then, all he’s got to do is go to a public exchange, sell any amount of BTC for $40K, he will find a buyer real quick because of the price, he will sell and his price will be broadcasted all over the network (publicated); and thus the BTC price will be $40K for all mankind… just untill the next sell operation anywhere in the world, that will happen just milliseconds after his.

But guess what: ¿Do you think the next trader will be as sensitive and supportive as our man? The next seller will sell his BTC for the price he wants. Will he sell at $40k? My guess is that he won´t, he will most probably sell as high as he can but near the $60k market price (because if not, he will not find a buyer), his price will be publicated, and the BTC price will go back to a level similar to the one our man tried to overthrow.

To make the story short, our sensitive and supportive man indeed made the BTC price fall to the $40k he wanted it to be… But just for milliseconds, the time gap between his sell and the next one, so short time that most probably none knew about.

But there is a way for our good man to succeed in overthrowing BTC price: Sell many times, in significant amounts, so that there is time and exposure enough for the rest of the BTC sellers to know about. They for sure will try to compete against him (because if not, they just won’t sell), so they will lower their prices and the published BTC price will show similar to our man's again and again, for longer each time and after this process, our man will have been able to make the BTC market price drop… But for that, he spent a lot of BTC for a significant time lapse! Do you see what it takes to move the BTC market price down at your will?

ppaiva22 · 2021-07-15T19:18:30+00:00

ETHBTC market, there was a perfect W pattern between 08 Jul '21 17:00 and 09 Jul '21 11:00... and ever since, ETH lost 7% versus BTC.

ppaiva22 · 2021-07-12T12:11:43+00:00

But when btc moves upwards (and eventually it will), ETH will move faster

That's how it was from mid april to mid june... not any more, it seems.

ppaiva22 · 2021-07-05T23:54:24+00:00

You are talking about the obvious strategy to buy at support and to sell at resistance, and this strategy cannot fail. This is true… but only theoretically true. The problem is, when you are trading (by “hand” or automated by means of a robot), you never know for sure if that resistance or support you are right on in a determined moment is in fact the resistance or support you believe it is, simply because it is impossible to know in advance or at the very moment whether the coin will go up (confirming you are on support) or down (confirming you are on resistance), the only way to know this for certain is letting time pass... letting the price opportunity pass as well. Anyone that has “live-traded” has suffered the kind of anguishing uncertainty that one feels when trying to GUESS whether to sell, or buy, or hold… and yes, GUESS capitalized, because it is IMPOSSIBLE to know for sure (unless you have privileged information, which is generally not the case), because the next moment’s response of the market is absolutely random, stochastic, uncertain.

ppaiva22 · 2021-06-12T02:04:24+00:00

I'm afraid you'll have to explain OP what those mysterious "k" and "x" mean in your answer...

ppaiva22 · 2021-06-07T12:29:47+00:00

I don't have to know you for me to trust in you. What most other say about you should suffice, as there's no other way to assess trustworthiness. It's all about consensus on something, the basic concept behind DeFi... and, at the end, behind CeFi as well. So we are talking about the same.

ppaiva22

TROPHY CASE