gravitywave Profile picture
Oct 18, 2019 6 tweets 2 min read
I once deleted a wallet.dat file containing 70 BTC. Lessons learned: (1) stop using ⇧+DEL to delete files; (2) Bitcoin is scarce. My fat finger mishap caused the final accessible supply of BTC to be capped at 20,999,930. You are all welcome. I once regarded shitcoins as diversifying equity, as opposed to gambling products. My btc-denominated holdings increased 50% at first; later it decreased by 50%. Lessons learned: (1) shitcoins are risky; (2) if you’re gonna shitcoin, manage risk properly.
May 5, 2019 4 tweets 2 min read
1/ I've been playing with a new indicator: Relative Miner Compensation (RMC). It overlays mining revenue dynamics and hashrate dynamics – green and red plots, respectively. 2/ The mining revenue dynamic is calculated by dividing the current miner revenue by its moving average (I've been using 30 weeks). Astute observers will recognize this as @kenoshaking's Puell multiple. The hashrate dynamic is calculated the same way, but instead with hashrate.
Nov 1, 2018 10 tweets 4 min read
1) I don't think the price bottom is in for $BTC yet. Let's look at a few big-picture, long-term charts and let me explain what I want to see before I change my mind. @MustStopMurad @TrueCrypto28 2) I want to see the force index go negative on the monthly chart. This was usually the case when price bottomed out in previous bear markets.