Not. Sarcasm. Certainly the sentiment out there now with this latest bubble.

Well since #Democrats hate #bitcoin and #Republicans love it, then with #btc soaring this week that certainly points to Republicans sweeping the houses this year. After all, conservatives are getting richer: thus giving more money for red states and red candidates. #ElizabethWarren failed. #Biden better keep an eye out for nursing home brochures on Jill's desk.

Okay I cave. I'm going all in #bitcoin. Going to meet with my bank today to take a 2nd #mortgage on my house and buy as many #sats as I can. Yeah, #btc to a million. Bring it on baby! ;-)

Can someone say parabolic. Seasoned investors know how that always ends. #bitcoin

Bang on!

Typo - 'that something' not 'that sometimes'.

What you are basically saying is akin to I'm not afraid cause I cover my eyes and ears so I don't learn of something to be afraid of. Sooner or later you have to exchange your #btc for something and in this world most still price that sometimes in a fiat #currency.

I agree #fiat systems suck. I just conclude that btc is not a valid alternative.

Can't say useful idiots were not warned.

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Were they the ones who air dropped the aid into the Mediterranean Sea?

Reality check. Bitcoin is not much different from fiat. Ten years ago the average person could buy a bitcoin. Now most of the bitcoin is held by wealthy institutions (didn't you notice all the whale alert messages highlighting them moving their 100s of millions around), and some governments / central banks. Now the average person is being suckered into scrambling for sats which only makes these billionaires richer as you have to pay more and more for your sats. Then at any time they will dump a huge amount of bitcoin - allowing them to take huge profits on their original lowball purchase. This crashes the price and they can then scoop up the same amount of btc and start the cycle over again - all the while having their pumpers pump btc to more greedy useful idiots buy in so the wealthy get their money - making these wealthy institutions even more richer. Ten years from now the pumpers will be pitching stacking fractions of sats!

I was a useful idiot who made a bit of money on btc before getting out as I got redpilled. Btc is not the way. It died with etfs. Too centralized. It's just now a system to make rich richer. You own nothing but a digital entry on a spreadsheet.

Best all us lowly peasants can do is buy low and sell when you get a decent return. Odds are btc will approach all time highs (perhaps briefly making new highs) and then go back down a lot quick. Best to take profits soon as the wealthy institutions know btc usually goes bearish when summer approaches (sell in May and go away).

AR3590 on the #sun is no longer #Earth facing. While it's still a scary looking active region we are out of the most dangerous zone. While Earth facing it was a real dud. Some decent flares, but it shot only blanks (i.e. no c.m.e.). Things are calm on the sun now. We only got a G1 magnetic storm out of the sideswipe by the last c.m.e.

It's a delusion to think the current setup with #btc, etc will be adopted by the masses as money. Where is the K.I.S.S. principle?

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AR3590 on #sun looking nasty for now being #Earth facing. Could get another major #solar flare out of this yet.

That's a relative question. Power grid down locally, nationally, or globally? And for how long? None of the scenarios would make it worthless. It is technically already worthless. It is just numbers on a line with nothing to back it up. It is just a supply / demand pump that only has secure store and movement of value while demand remains. Only things not worthless are things you actually need to live. You also don't need computers, chips, phones, gold, silver. On the other hand, food, shelter, water, heat, security ...

Perspective:

The largest #solar flare of solar cycle 23 was on 4 November 2003 and was in excess of X28. It saturated x-ray instruments so no readingg of it's peak was obtained - albeit consensus puts it a bit over X40.

https://soho.nascom.nasa.gov/hotshots/2003_11_04/

The largest solar flare of solar cycle 24 was on 6 September 2017 and was recorded by NOAA as an X9.3 but which spaceweatherlive.com lists as peaking at X13.33 flare.

https://www.swpc.noaa.gov/news/r3-x93-flare-radio-blackout-6-september-1202-utc

https://www.spaceweatherlive.com/en/archive/2017/09/06/xray.html

We are seeing sunspots higher in the #sun because we are in the period of solar maximum. During this period there are more sunspots and more solar flares. A solar cycle (from minimum to maximum and back to minimum) lasts about 11 years. We are in solar cycle 25. While astronomers have been consistently watching sunspots since 1755 we have only had the instruments to record detailed data on solar activity for three solar cycles (23 to 25) - thanks to the SOHO orbiter being launched 2 December 1995.

FYI:

"Solar flares are enormous explosions of electromagnetic radiation from the sun. They happen when energy stored in magnetic fields, usually above sunspots, is suddenly released. Some flares involve a coronal mass ejection (CME), in which a huge amount of charged particles, or plasma, is flung out."

Source: https://phys.org/news/2024-02-outstanding-solar-flare-eruptions-influential.html

No apparent c.m.e. released by #sun from major solar flares so only earlier c.m.e. to impact #Earth this weekend and it is expected to be a glancing blow. Risks off.

Get the latest on this #sunspot and possible #Earth directed c.m.e at the following blog:

https://community.spaceweatherlive.com/topic/3082-region-3590/

So far opinion seems to lean towards a weak and/or non Earth directed c.m.e. so now indication of cannibal c.m.e. watch feed to see if data changes say otherwise.

NOAA notice on major X6.3 #solar flare from sun. Not a kill shot. Conditions are currently very calm now so #Earth could absorb things nicely. However, watch for a possible cannibal c.m.e. to really drive solar storm conditions later this weekend.

https://www.swpc.noaa.gov/news/round-three-another-r3-strong-x-ray-event-22-feb-2024