Elmo's IQ is 155 which makes him smarter than most. It means he is smarter than 99.977% of people. That is rare, but there would be over 850,000 people in the world that smart or smarter. And in the US about 45,000. How do you stack up?
RE: Bank of England statement on digital currency19 Apr 2021 11:40
I must be thick but I can't understand that if the BoE issues a digital currency it does not imply that the new digital currency will not be quantitatively eased and therefore debased like any old fiat. I am here as a store of value because BTC cannot be devalued and is limited in number. I believe Max Keiser related recently that most fiat currencies, over time, have ceased to exist. I don't think that will happen to BTC.
SPAC. If you follow Max Keiser, on his programme someone said "The SPAC market is in the process of detonating and will take the Ponzi sector with it" SPACs were all the rage in 1929. Give us your money and we will figure what to do with it. LOL
Mathematical Mystery: Why Did The Bitcoin Rally Stop At The Golden Ratio? by Tony Spilotro bitcoin btcusd fibonacci Bitcoin is one of the most interesting and powerful pieces of mathematical code out there, launched as an open source project by the mysterious Satoshi Nakamoto. In yet another one of the many ways math and mystery come together in relation to the cryptocurrency, its origins, and the underlying technology, the current peak in recent price action also just so happens to taken place perfectly at the golden ratio. But why?
Math, Mystery, And So Much More: Crunching The Cryptocurrency Numbers Math is one of those love it or hate it subjects in school, but no one can discount just how powerful it is when used effectively. It is by definition “the study of quantity, structure, space, and change.”When it comes to Bitcoin, math is everywhere around it. The hard-capped “quantity” of BTC will always remain at 21 million, while the “structure” of its code maintains that maximum cap.
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“Space” in this case, isn’t in reference to moonshots, but in the geometric shapes and patterns that appear on Bitcoin price charts, which “change” with each buy or sell order.
Math is integral to quantifying data in fundamental analysis, and measurements go into plotting the lines and averages of technical indicators.
However, there’s no easy way to explain why the cryptocurrency’s recent bull rally, has topped out at a key mathematical area.
bitcoin golden ratio
Why did Bitcoin stop at the golden ratio? | Source: BTCUSD on TradingView.com Bitcoin Bull Rally Takes Pause At Golden Ratio, But Why? Strangely, the current high in Bitcoin price is $61,800. At first glance, nothing appears to out of the ordinary about the number. But there very well could be some serious significance that could explain why momentum is beginning to turn around.
The number, now more than three times its 2017 record, just so happens to be 61.8% to the price point most investors are HODLing for, which is $100,000 per coin.
The golden ratio itself is 1.618, with the inverse as 0.618. The number is used in technical analysis as one of the Fibonacci retracement levels with the most significance.
Fib retracement and extensions are measured from lows to highs or vice versa, while in the case of the current rally, price action stopped instead at 61.8% of the way to the speculate target of $100,000.
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It is a theory that cannot be proven, nor is it fully understood why the golden ratio is found so commonly throughout nature and within the price charts of assets like cryptocurencies.
Renowned twentieth-century artists such as Salvador Dalí have included the golden ratio within their works, “believing this to be aesthetically pleasing,” according to Wikipedia.It also appears in various p