The hourly chart (very high time preference) is just brutal. Orderly selling from people that wished they sold above $70k to lock in some profits. And the market hasn’t even opened
It’s nice being a bitcoiner that is getting really excited at this price action to load up some more if they give us sub $60k corn
GM!
"Time Preference”- 38th Edition
1) # Full nodes (reachable) - 18,835 (+1.83%)
2) # LN nodes - 13,113 (-1.24%)
3) LN capacity (BTC) - 4,697 (+2.55%)
4) BTC addresses > 1M sats - 12.44M (-0.59%)
5) BTC addresses > 10M sats - 4.53M (-0.10%)
6) BTC addresses > 100M sats - 1.009M (-0.28%)
7) Hashrate (EH/s) - 593 (-0.67%)
8) Price - $68,352 (-0.98%) (Sunday close)
9 Price/Hashrate - 115 (-0.31%)
10) Michigan businesses accepting BTC (btcmap.org) - 16 (n/c)
11) Routing Events - 151 (+0.67%)
12) Routing Sats - 1,272 (+31.00%)
* % change figures from prev.
Look at the full node count go, up almost another 2%! Cool to see, again I'm not sure how much stock to take in this metric w/ all the private/Tor nodes but it's still fun to monitor. I'd rather it go this way than the other.
I posted this past week that price action felt tired, with each pop above the previous high seemed little follow through. We have seen a little pullback but this trend has been so strong I'm not sure which way this goes in the short term (let's be real, noone does). I'll enjoy picking up some more sats at lower prices should they come and I'll enjoy the ride if they don't.
Address counts continue to slightly decline which just goes to show where retail or the average non-bitcoiner is, IMO (not really here).
I did upgrade my node setup this past week for hopefully more consistent uptime and less concerns about overclocking my node. Will see how this impacts routing activity over the next few weeks.
Have a great week. I'm grateful to be here.
#bitcoin #timepreference #mining #Einundzwanzig #michigan #LightningNetwork ⚡️
GM!
GM, Thursdays are great
Excited to get a new node setup rolling tomorrow
#shogun is really damn good and the Japanese culture (albeit to the extent depicted in the film, historically) is truly fascinating.
These drives up and up are starting to feel a little tired to me. Maybe it’s time for orange coin to take a little rest
"Time Preference”- 36th Edition
1) # Full nodes (reachable) - 18,496 (+1.12%)
2) # LN nodes - 13,277 (-0.95%)
3) LN capacity (BTC) - 4,580 (-0.97%)
4) BTC addresses > 1M sats - 12.51M (-0.10%)
5) BTC addresses > 10M sats - 4.53M (-0.36%)
6) BTC addresses > 100M sats - 1.012M (-0.41%)
7) Hashrate (EH/s) - 597 (+7.76%)
8) Price - $69,026 (+9.32%) (Sunday close)
9 Price/Hashrate - 116 (+1.44%)
10) Michigan businesses accepting BTC (btcmap.org) - 16 (n/c)
11) Routing Events - 150 (-36.97%)
12) Routing Sats - 971 (-17.99%)
* % change figures from prev.
"22% increase in the price of 1 BTC per USD. Wild." - last week
"10% increase in the price of 1 BTC per USD." - this week
True price discovery time? Hard to say and unsure if we see a nice surprise in CPI tomorrow but BTC sure doesn't seem to care about anything right now.
Hash rate ripped up the previous week after chopping around for a while, up almost 8%. Address counts all down slightly while # of full nodes increased again (love to see this). My routing activity still sucks but that's alright!
Have a great week.
#bitcoin #timepreference #mining #Einundzwanzig #michigan #LightningNetwork ⚡️
HF
HF
Flusshhhhhhhhh it. 52k - 58k would be nice to clear some of this out and make room for true price discovery.
I know, I’ve been there getting flushed on leverage last cycle. Sometimes the only way to learn is to try and fail.
I’m stronger now because of some of the dumb mistakes I’ve made in the past.
GM
"Time Preference”- 36th Edition
1) # Full nodes (reachable) - 18,292 (-1.44%)
2) # LN nodes - 13,404 (+0.40%)
3) LN capacity (BTC) - 4,625 (-0.49%)
4) BTC addresses > 1M sats - 12.52M (+0.20%)
5) BTC addresses > 10M sats - 4.55M (-0.20%)
6) BTC addresses > 100M sats - 1.016M (-0.23%)
7) Hashrate (EH/s) - 554 (-1.25%)
8) Price - $63,142 (+22.08%) (Sunday close)
9 Price/Hashrate - 114 (+23.62%)
10) Michigan businesses accepting BTC (btcmap.org) - 16 (n/c)
11) Routing Events - 238 (-93.87%)
12) Routing Sats - 1,184 (-33.03%)
* % change figures from prev.
22% increase in the price of 1 BTC per USD. Wild.
Hash rate continues to chop, address count chop, LN nodes first slight increase in quite some time. It's been 4 weeks exactly since I said I'm cautious here on price around ~$43k with rates and USD ripping. "Queue run to $70k" I said in that report, as a contra trade to my bearish thinking. Well, here we are!
Not sure what to think anymore but I'm still not super duper bullish so I guess we have more room to run?
Have a great week!
#bitcoin #timepreference #mining #Einundzwanzig #michigan #LightningNetwork ⚡️
HF
Bingo, I didn’t get lucky regarding when I bought bitcoin. I got lucky in when I fell down the rabbit hole
View quoted note →
"Time Preference”- 35th Edition
1) # Full nodes (reachable) - 18,560 (+5.54%)
2) # LN nodes - 13,350 (-0.85%)
3) LN capacity (BTC) - 4,648 (-1.17%)
4) BTC addresses > 1M sats - 12.50M (-0.03%)
5) BTC addresses > 10M sats - 4.56M (+0.05%)
6) BTC addresses > 100M sats - 1.018M (+0.04%)
7) Hashrate (EH/s) - 561 (+1.26%)
8) Price - $51,722 (-0.78%) (Sunday close)
9 Price/Hashrate - 92 (-2.02%)
10) Michigan businesses accepting BTC (btcmap.org) - 16 (n/c)
11) Routing Events - 3,882 (-5.13%)
12) Routing Sats - 1,768 (-77.60%)
* % change figures from prev.
Hello, Nostr! It's Monday and we're back w/ another report for the 35th consecutive week now. High level, nothing crazy out there by my eye.
Positive - Full nodes ripping, highest level since I've done this up another ~5% this past week. Remember this number bounces around a lot as connectivity comes and goes; however, it's good to see this trend!
Negative - LN nodes and LN capacity continue to drift lower. The trend has been strong in a decreasing direction since October 2023, coincidentally (or not) price has pretty much been the opposite. Strong trend up and to the right.
Hash rate has been chopping around here for over 5 weeks, I'm paying attention to this a little closer as we inch towards the halving.
Have a great week!
#bitcoin #timepreference #mining #Einundzwanzig #michigan #LightningNetwork ⚡️
HF ☀️
Good Morning, I fucking love Thursdays
Anyone have experience with either #casa or #unchained or something similar in setting up a collaborative multi-sig cold storage? I’d like ti learn more about their products and use-case.
#asknostr